Hong Lai Huat Group Ltd said its normalized net income for the first quarter came to S$5,880, compared with a loss of S$85,130 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 5.3% from negative 3.0% in the year-earlier period.
Total revenue decreased 50.4% on an annual basis to S$1.4 million from S$2.9 million, and total operating expenses decreased 48.1% year over year to S$1.6 million from S$3.1 million.
Reported net income came to a loss of S$281,000, or a loss of 0 cents per share, compared to a loss of S$135,000, or a loss of 0 cents per share, in the year-earlier period.
As of May 6, US$1 was equivalent to S$1.32.
