SHH Resources Holdings Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 3.6 million ringgits, an increase from 444,380 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 11.3% from 2.0% in the year-earlier period.

Total revenue grew 47.0% year over year to 32.1 million ringgits from 21.8 million ringgits, and total operating expenses rose 24.6% from the prior-year period to 26.2 million ringgits from 21.0 million ringgits.

Reported net income grew from the prior-year period to 3.5 million ringgits, or 7 sen per share, from 393,000 ringgits, or 1 sen per share.

As of Nov. 30, US$1 was equivalent to 4.25 ringgits.