Green Ocean Corp. Berhad said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 70,000 ringgits, compared with a loss of 716,880 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 0.3% from negative 51.1% in the year-earlier period.
Total revenue grew year over year to 24.2 million ringgits from 1.4 million ringgits, and total operating expenses increased from the prior-year period to 24.0 million ringgits from 2.5 million ringgits.
Reported net income came to 112,000 ringgits, or 0 sen per share, compared to a loss of 1.1 million ringgits, or a loss of 1 sen per share, in the prior-year period.
As of Feb. 27, US$1 was equivalent to 3.61 ringgits.
