Borneo Aqua Harvest Berhad said its normalized net income for the fiscal second quarter ended Sept. 30 came to 1.1 million ringgits, compared with a loss of 1.2 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 27.2% from negative 32.6% in the year-earlier period.
Total revenue rose 11.5% on an annual basis to 4.1 million ringgits from 3.7 million ringgits, and total operating expenses fell 61.9% year over year to 2.0 million ringgits from 5.4 million ringgits.
Reported net income totaled 1.8 million ringgits, or 0 sen per share, compared to a loss of 1.9 million ringgits, or a loss of 0 sen per share, in the year-earlier period.
As of Nov. 20, US$1 was equivalent to 4.27 ringgits.