Xian Leng Holdings Berhad said its normalized net income for the fiscal first quarter ended April 30 was 35,630 ringgits, compared with a loss of 105,630 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 1.3% from negative 3.3% in the year-earlier period.

Total revenue decreased 13.9% on an annual basis to 2.7 million ringgits from 3.2 million ringgits, and total operating expenses declined 19.4% on an annual basis to 2.7 million ringgits from 3.3 million ringgits.

Reported net income totaled 29,080 ringgits, or 0 sen per share, compared to a loss of 189,030 ringgits, or a loss of 0 sen per share, in the prior-year period.

As of June 24, US$1 was equivalent to 3.77 ringgits.