Kuantan Flour Mills Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 305,000 ringgits, compared with a loss of 920,630 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 3.1% from negative 8.4% in the year-earlier period.
Total revenue fell 11.6% year over year to 9.7 million ringgits from 11.0 million ringgits, and total operating expenses fell 9.6% from the prior-year period to 11.2 million ringgits from 12.4 million ringgits.
Reported net income came to 488,000 ringgits, or 1 sen per share, compared to a loss of 1.5 million ringgits, or a loss of 2 sen per share, in the prior-year period.
As of Aug. 26, US$1 was equivalent to 3.16 ringgits.
