trending Market Intelligence /marketintelligence/en/news-insights/trending/0WlA46PPOw-F5XqE9TOyDQ2 content esgSubNav
In This List

Xian Leng Holdings fiscal Q3 profit climbs YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Xian Leng Holdings fiscal Q3 profit climbs YOY

Xian Leng Holdings Berhad said its normalized net income for the fiscal third quarter ended Oct. 31 was 420,000 ringgits, a gain from 28,130 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 10.5% from 0.9% in the year-earlier period.

Total revenue increased 27.9% on an annual basis to 4.0 million ringgits from 3.1 million ringgits, and total operating expenses grew 8.3% on an annual basis to 3.3 million ringgits from 3.1 million ringgits.

Reported net income increased on an annual basis to 748,860 ringgits, or 1 sen per share, from 36,350 ringgits, or 0 sen per share.

As of Dec. 28, US$1 was equivalent to 4.30 ringgits.