trending Market Intelligence /marketintelligence/en/news-insights/trending/2ZhESJu0TV9Sfp6Sl559cw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Lee Swee Kiat Q1 profit falls YOY

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

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

Industry Top Trends 2021: Metals and Mining


Lee Swee Kiat Q1 profit falls YOY

Lee Swee Kiat Group Bhd. said its normalized net income for the first quarter amounted to 609,380 ringgits, a decrease of 31.9% from 894,380 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 fell to 3.9% from 4.0% in the year-earlier period.

Total revenue decreased 30.4% on an annual basis to 15.7 million ringgits from 22.6 million ringgits, and total operating expenses declined 30.5% year over year to 14.7 million ringgits from 21.1 million ringgits.

Reported net income decreased 31.6% on an annual basis to 935,000 ringgits, or 1 sen per share, from 1.4 million ringgits, or 1 sen per share.

As of May 24, US$1 was equivalent to 4.11 ringgits.