Emico Holdings Bhd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.5 million ringgits, compared with a loss of 158,630 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 increased to 6.7% from negative 1.0% in the year-earlier period.
Total revenue rose 32.5% year over year to 22.0 million ringgits from 16.6 million ringgits, and total operating expenses rose 17.2% from the prior-year period to 19.5 million ringgits from 16.7 million ringgits.
Reported net income came to 2.3 million ringgits, or 2 sen per share, compared to a loss of 222,000 ringgits, or a loss of 0 sen per share, in the prior-year period.
As of Aug. 28, US$1 was equivalent to 4.18 ringgits.