Riverview Rubber Estates Bhd. said its fourth-quarter normalized net income was 1.2 million ringgits, an increase from 324,430 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 18.6% from 5.5% in the year-earlier period.
Total revenue climbed 10.3% year over year to 6.5 million ringgits from 5.9 million ringgits, and total operating expenses decreased on an annual basis to 5.4 million ringgits from 5.5 million ringgits.
Reported net income totaled a loss of 1.1 million ringgits, or a loss of 2 sen per share, compared to income of 624,930 ringgits, or 1 sen per share, in the prior-year period.
For the year, the company's normalized net income totaled 11 sen per share, a gain of 18.5% from 9 sen per share in the prior year.
Normalized net income was 6.9 million ringgits, a gain of 18.5% from 5.8 million ringgits in the prior year.
Full-year total revenue rose on an annual basis to 31.1 million ringgits from 30.1 million ringgits, and total operating expenses rose 8.5% year over year to 21.1 million ringgits from 19.5 million ringgits.
The company said reported net income decreased 20.0% year over year to 6.3 million ringgits, or 10 sen per share, in the full year, from 7.8 million ringgits, or 12 sen per share.
As of April 11, US$1 was equivalent to 3.88 ringgits.