DGB Asia Bhd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to 635,630 ringgits, an increase from 87,250 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 rose to 26.1% from 4.6% in the year-earlier period.
Total revenue rose 29.1% on an annual basis to 2.4 million ringgits from 1.9 million ringgits, and total operating expenses decreased 18.9% from the prior-year period to 1.4 million ringgits from 1.8 million ringgits.
Reported net income grew from the prior-year period to 1.0 million ringgits, or 0 sen per share, from 146,700 ringgits, or 0 sen per share.
As of Feb. 26, US$1 was equivalent to 4.20 ringgits.
