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FSBM Holdings posts fiscal Q2 profit

FSBM Holdings Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 260,750 ringgits.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 13.1%.

Total revenue totaled 2.0 million ringgits, and total operating expenses came to 1.6 million ringgits.

Reported net income totaled 413,000 ringgits, or 0 sen per share.

As of Feb. 22, US$1 was equivalent to 4.19 ringgits.