Malpac Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 700,630 ringgits, compared with a loss of 678,750 ringgits in the second quarter ended June 30, 2015.

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

The normalized profit margin climbed to 51.3% from negative 70.6% in the year-earlier period.

Total revenue rose 41.9% on an annual basis to 1.4 million ringgits from 962,000 ringgits, and total operating expenses fell 88.1% on an annual basis to 244,000 ringgits from 2.0 million ringgits.

Reported net income came to 1.1 million ringgits, or 1 sen per share, compared to a loss of 1.1 million ringgits, or a loss of 1 sen per share, in the second quarter ended June 30, 2015.

As of Feb. 24, US$1 was equivalent to 4.24 ringgits.