FACB Industries Inc. Bhd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 776,500 ringgits, compared with a loss of 127,750 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 climbed to 5.3% from negative 1.1% in the year-earlier period.

Total revenue increased 20.2% on an annual basis to 14.6 million ringgits from 12.1 million ringgits, and total operating expenses increased 10.1% year over year to 15.0 million ringgits from 13.6 million ringgits.

Reported net income came to 1.1 million ringgits, or 1 sen per share, compared to a loss of 377,000 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.