trending Market Intelligence /marketintelligence/en/news-insights/trending/89bVJdZsQgoondOJOhkEMw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Sungei Bagan Rubber swings to loss in fiscal Q1

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


Sungei Bagan Rubber swings to loss in fiscal Q1

Sungei Bagan Rubber Co. (Malaya) Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 6 Malaysian sen per share, compared with 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 a loss of 4.3 million ringgits, compared with income of 3.1 million ringgits in the year-earlier period.

The normalized profit margin declined to negative 177.0% from 112.0% in the year-earlier period.

Total revenue decreased 13.4% year over year to 2.4 million ringgits from 2.8 million ringgits, and total operating expenses decreased from the prior-year period to 1.9 million ringgits from 2.0 million ringgits.

Reported net income came to a loss of 6.9 million ringgits, or a loss of 10 sen per share, compared to income of 4.8 million ringgits, or 7 sen per share, in the year-earlier period.

As of Nov. 17, US$1 was equivalent to 4.39 ringgits.