Teo Guan Lee Corp. Bhd. said its normalized net income for the fiscal third quarter ended March 31 was 136,000 ringgits, compared with a loss of 116,000 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 0.7% from negative 0.7% in the year-earlier period.

Total revenue increased 15.0% on an annual basis to 20.5 million ringgits from 17.8 million ringgits, and total operating expenses climbed 12.8% from the prior-year period to 20.3 million ringgits from 18.0 million ringgits.

Reported net income totaled 104,000 ringgits, or 0 sen per share, compared to a loss of 64,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of May 27, US$1 was equivalent to 3.65 ringgits.