trending Market Intelligence /marketintelligence/en/news-insights/trending/65_mqsbX-RCIb0J4ABxVBA2 content esgSubNav
In This List

AMTEK Holdings fiscal Q3 profit falls YOY


According to Market Intelligence, December 2022


Private Markets 360° | Episode 1: The role of ESG in Private Equity


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes


Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise

AMTEK Holdings fiscal Q3 profit falls YOY

AMTEK Holdings Bhd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 55,000 ringgits, a fall of 86.6% from 409,380 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 fell to 0.4% from 3.5% in the year-earlier period.

Total revenue rose 11.4% year over year to 13.1 million ringgits from 11.7 million ringgits, and total operating expenses rose 17.5% year over year to 12.5 million ringgits from 10.7 million ringgits.

Reported net income decreased 87.1% on an annual basis to 51,000 ringgits, or 0 sen per share, from 395,000 ringgits, or 1 sen per share.

As of May 27, US$1 was equivalent to 3.65 ringgits.