Xian Leng Holdings Bhd. said its normalized net income for the fiscal second quarter ended July 31 amounted to 160,630 ringgits, compared with a loss of 335,000 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 5.1% from negative 12.7% in the year-earlier period.
Total revenue increased 19.9% on an annual basis to 3.2 million ringgits from 2.6 million ringgits, and total operating expenses decreased 4.9% year over year to 2.8 million ringgits from 3.0 million ringgits.
Reported net income came to 225,390 ringgits, or 0 sen per share, compared to a loss of 443,500 ringgits, or a loss of 1 sen per share, in the year-earlier period.
As of Sept. 25, US$1 was equivalent to 3.25 ringgits.
