trending Market Intelligence /marketintelligence/en/news-insights/trending/3xLu7QV1wul00BFKeeUG9w2 content esgSubNav
In This List

Paos Holdings fiscal Q1 profit falls YOY

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Paos Holdings fiscal Q1 profit falls YOY

Paos Holdings Bhd. said its normalized net income for the fiscal first quarter ended Aug. 31 came to 120,630 ringgits, a decrease of 92.5% from 1.6 million ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 1.0% from 2.8% in the year-earlier period.

Total revenue decreased 78.7% on an annual basis to 12.0 million ringgits from 56.5 million ringgits, and total operating expenses declined 78.0% on an annual basis to 11.8 million ringgits from 53.9 million ringgits.

Reported net income fell 97.2% on an annual basis to 51,000 ringgits, or 0 sen per share, from 1.8 million ringgits, or 1 sen per share.

As of Oct. 30, US$1 was equivalent to 3.29 ringgits.