trending Market Intelligence /marketintelligence/en/news-insights/trending/9SkoLveaohDWMo8wQbYckw2 content esgSubNav
In This List

QL Resources fiscal Q1 profit climbs YOY

Case Study

Powering the markets of the future with data and AI


Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha


Battery metals - unbated long term need for supply security despite short-term headwinds

QL Resources fiscal Q1 profit climbs YOY

QL Resources Berhad said its normalized net income for the fiscal first quarter ended June 30 amounted to 2 Malaysian sen per share, an increase from 2 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 32.2 million ringgits, a gain from 31.6 million ringgits in the year-earlier period.

The normalized profit margin rose to 4.9% from 4.8% in the year-earlier period.

Total revenue came to 655.3 million ringgits, compared with 653.6 million ringgits in the prior-year period, and total operating expenses totaled 598.2 million ringgits, compared with 604.1 million ringgits in the year-earlier period.

Reported net income increased from the prior-year period to 40.9 million ringgits, or 3 sen per share, from 40.4 million ringgits, or 2 sen per share.

As of Aug. 26, US$1 was equivalent to 4.25 ringgits.