trending Market Intelligence /marketintelligence/en/news-insights/trending/8tn8DEah0e8_xlSMAEdP1g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

United Malacca fiscal Q2 profit falls YOY

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

United Malacca fiscal Q2 profit falls YOY

United Malacca Berhad said its normalized net income for the fiscal second quarter ended Oct. 31 came to 5 Malaysian sen per share, a decrease of 11.1% from 5 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.6 million ringgits, a decrease of 10.3% from 10.7 million ringgits in the prior-year period.

The normalized profit margin increased to 19.3% from 18.2% in the year-earlier period.

Total revenue decreased 15.4% on an annual basis to 49.9 million ringgits from 59.0 million ringgits, and total operating expenses decreased 16.3% year over year to 36.2 million ringgits from 43.3 million ringgits.

Reported net income fell 10.5% year over year to 12.3 million ringgits, or 6 sen per share, from 13.7 million ringgits, or 7 sen per share.

As of Dec. 15, US$1 was equivalent to 4.32 ringgits.