Poh Kong Holdings Bhd. said its normalized net income for the fiscal second quarter ended Jan. 31 was 6.3 million ringgits, an increase from 1.0 million ringgits in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 2.9% from 0.4% in the year-earlier period.
Total revenue declined year over year to 216.5 million ringgits from 226.9 million ringgits, and total operating expenses declined 8.5% from the prior-year period to 202.7 million ringgits from 221.5 million ringgits.
Reported net income grew from the prior-year period to 7.7 million ringgits, or 2 sen per share, from 1.3 million ringgits, or 0 sen per share.
As of March 25, US$1 was equivalent to 3.67 ringgits.
