trending Market Intelligence /marketintelligence/en/news-insights/trending/5K2lepuINMERc8SWqG1FUw2 content esgSubNav
In This List

DRB-HICOM fiscal Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

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


DRB-HICOM fiscal Q1 profit climbs YOY

DRB-HICOM Bhd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 5 Malaysian sen per share, a gain from 1 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 88.3 million ringgits, a gain from 26.6 million ringgits in the year-earlier period.

The normalized profit margin increased to 2.4% from 0.9% in the year-earlier period.

Total revenue increased 21.9% year over year to 3.72 billion ringgits from 3.05 billion ringgits, and total operating expenses increased 20.8% on an annual basis to 3.53 billion ringgits from 2.92 billion ringgits.

Reported net income increased on an annual basis to 107.8 million ringgits, or 6 sen per share, from 10.3 million ringgits, or 1 sen per share.

As of Aug. 28, US$1 was equivalent to 3.15 ringgits.