NetX Holdings Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 1.7 million ringgits, compared with a loss of 193,750 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 35.6% from negative 16.4% in the year-earlier period.
Total revenue increased on an annual basis to 4.9 million ringgits from 1.2 million ringgits, and total operating expenses rose 42.1% year over year to 2.1 million ringgits from 1.4 million ringgits.
Reported net income totaled 2.8 million ringgits, or 0 sen per share, compared to a loss of 310,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.
As of Feb. 18, US$1 was equivalent to 4.17 ringgits.
