Sern Kou Resources Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 350,000 ringgits, compared with a loss of 984,380 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 rose to 1.3% from negative 4.2% in the year-earlier period.
Total revenue increased 17.7% on an annual basis to 27.3 million ringgits from 23.2 million ringgits, and total operating expenses grew 5.8% year over year to 26.3 million ringgits from 24.8 million ringgits.
Reported net income came to 548,000 ringgits, or 0 sen per share, compared to a loss of 1.6 million ringgits, or a loss of 1 sen per share, in the prior-year period.
As of Nov. 28, US$1 was equivalent to 3.38 ringgits.
