Yong Tai Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 1.7 million ringgits, compared with a loss of 184,630 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 11.3% from negative 1.4% in the year-earlier period.
Total revenue climbed 96.6% on an annual basis to 25.8 million ringgits from 13.1 million ringgits, and total operating expenses increased 83.7% on an annual basis to 24.4 million ringgits from 13.3 million ringgits.
Reported net income came to 2.3 million ringgits, or 6 sen per share, compared to a loss of 428,000 ringgits, or a loss of 1 sen per share, in the prior-year period.
As of Nov. 24, US$1 was equivalent to 3.35 ringgits.
