Teo Guan Lee Corp. Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 250,250 ringgits, compared with a loss of 976,750 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 1.3% from negative 4.8% in the year-earlier period.
Total revenue decreased year over year to 19.4 million ringgits from 20.2 million ringgits, and total operating expenses fell 12.7% year over year to 19.0 million ringgits from 21.8 million ringgits.
Reported net income came to 263,000 ringgits, or 1 sen per share, compared to a loss of 1.2 million ringgits, or a loss of 3 sen per share, in the year-earlier period.
As of Feb. 25, US$1 was equivalent to 4.22 ringgits.