trending Market Intelligence /marketintelligence/en/news-insights/trending/4RuCz6r5_wRQJoPL7UnwuA2 content esgSubNav
In This List

Signature International fiscal Q3 profit falls YOY

Podcast

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

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Signature International fiscal Q3 profit falls YOY

Signature International Bhd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 2 Malaysian sen per share, a decrease of 62.9% from 5 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 4.1 million ringgits, a decline of 63.0% from 11.1 million ringgits in the year-earlier period.

The normalized profit margin fell to 7.5% from 12.6% in the year-earlier period.

Total revenue fell 37.5% on an annual basis to 54.7 million ringgits from 87.5 million ringgits, and total operating expenses fell 30.5% from the prior-year period to 47.4 million ringgits from 68.2 million ringgits.

Reported net income decreased 62.6% on an annual basis to 5.0 million ringgits, or 2 sen per share, from 13.4 million ringgits, or 6 sen per share.

As of May 16, US$1 was equivalent to 4.02 ringgits.