Pinehill Pacific Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 46,000 ringgits, compared with a loss of 4.0 million ringgits in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.7% from negative 44.4% in the year-earlier period.
Total revenue decreased 31.9% year over year to 6.1 million ringgits from 9.0 million ringgits, and total operating expenses fell 61.4% year over year to 5.1 million ringgits from 13.2 million ringgits.
Reported net income totaled a loss of 44,000 ringgits, or a loss of 0 sen per share, compared to a loss of 6.5 million ringgits, or a loss of 4 sen per share, in the year-earlier period.
As of Feb. 25, US$1 was equivalent to 3.60 ringgits.
