Envictus International Holdings Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 708,750 ringgits, compared with a loss of 3.8 million 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 0.9% from negative 5.0% in the year-earlier period.
Total revenue climbed 12.0% on an annual basis to 85.0 million ringgits from 75.9 million ringgits, and total operating expenses increased 5.2% from the prior-year period to 84.5 million ringgits from 80.3 million ringgits.
Reported net income totaled 819,930 ringgits, or 1 sen per share, compared to a loss of 6.6 million ringgits, or a loss of 5 sen per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to 3.56 ringgits.
