trending Market Intelligence /marketintelligence/en/news-insights/trending/1m-pC-Pz5O0A5yTL8bmebg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Asia Brands swings to loss in fiscal Q1

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Asia Brands swings to loss in fiscal Q1

Asia Brands Bhd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 10 Malaysian sen per share, compared with 8 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 8.0 million ringgits, compared with income of 6.3 million ringgits in the year-earlier period.

The normalized profit margin dropped to negative 13.8% from 7.9% in the year-earlier period.

Total revenue decreased 27.5% year over year to 57.8 million ringgits from 79.7 million ringgits, and total operating expenses came to 68.1 million ringgits, compared with 67.6 million ringgits in the prior-year period.

Reported net income totaled a loss of 9.1 million ringgits, or a loss of 12 sen per share, compared to income of 7.3 million ringgits, or 9 sen per share, in the year-earlier period.

As of Aug. 18, US$1 was equivalent to 4.07 ringgits.