FCW Holdings Bhd. said its normalized net income for the fiscal third quarter ended March 31 was 1.9 million ringgits, a gain from 552,250 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 climbed to 32.8% from 9.7% in the year-earlier period.

Total revenue rose on an annual basis to 5.9 million ringgits from 5.7 million ringgits, and total operating expenses decreased 39.0% from the prior-year period to 3.5 million ringgits from 5.7 million ringgits.

Reported net income rose on an annual basis to 3.1 million ringgits, or 1 sen per share, from 784,000 ringgits, or 0 sen per share.

As of May 21, US$1 was equivalent to 3.60 ringgits.