Yong Tai Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 806,880 ringgits, compared with a loss of 273,130 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 rose to 8.3% from negative 1.8% in the year-earlier period.
Total revenue declined 21.1% on an annual basis to 12.2 million ringgits from 15.4 million ringgits, and total operating expenses fell 49.0% year over year to 8.0 million ringgits from 15.7 million ringgits.
Reported net income totaled 184,630 ringgits, or 0 sen per share, compared to a loss of 481,380 ringgits, or a loss of 1 sen per share, in the prior-year period.
As of Feb. 22, US$1 was equivalent to 4.19 ringgits.