Lay Hong Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 5.4 million ringgits, an increase from 596,630 ringgits in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 3.0% from 0.4% in the year-earlier period.
Total revenue climbed 21.4% year over year to 177.2 million ringgits from 146.0 million ringgits, and total operating expenses grew 16.0% from the prior-year period to 165.4 million ringgits from 142.6 million ringgits.
Reported net income grew year over year to 6.3 million ringgits, or 1 sen per share, from 1.1 million ringgits, or 0 sen per share.
As of Feb. 24, US$1 was equivalent to 3.64 ringgits.
