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Xian Leng Holdings fiscal Q4 loss narrows YOY

Xian Leng Holdings Bhd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to a loss of 1,130 ringgits, compared with a loss of 478,430 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 climbed to negative 0.0% from negative 17.2% in the year-earlier period.

Total revenue climbed 16.8% on an annual basis to 3.3 million ringgits from 2.8 million ringgits, and total operating expenses declined 6.8% year over year to 3.2 million ringgits from 3.5 million ringgits.

Reported net income came to 430,760 ringgits, or 1 sen per share, compared to a loss of 123,170 ringgits, or a loss of 0 sen per share, in the prior-year period.

For the year, the company's normalized net income totaled 82,000 ringgits, compared with a loss of -1.6 million ringgits in the prior year.

Full-year total revenue rose 17.1% from the prior-year period to 12.7 million ringgits from 10.9 million ringgits, and total operating expenses fell on an annual basis to 12.4 million ringgits from 12.8 million ringgits.

The company said reported net income came to 503,470 ringgits, or 1 sen per share, in the full year, compared with a loss of 1.9 million ringgits, or a loss of 3 sen per share, the prior year.

As of May 28, US$1 was equivalent to 3.65 ringgits.