FCW Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 1.6 million ringgits, compared with a loss of 1.0 million 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 increased to 27.5% from negative 18.0% in the year-earlier period.
Total revenue grew year over year to 6.0 million ringgits from 5.8 million ringgits, and total operating expenses decreased 38.0% from the prior-year period to 3.8 million ringgits from 6.1 million ringgits.
Reported net income totaled 2.5 million ringgits, or 1 sen per share, compared to a loss of 1.7 million ringgits, or a loss of 1 sen per share, in the year-earlier period.
As of Feb. 29, US$1 was equivalent to 4.21 ringgits.