trending Market Intelligence /marketintelligence/en/news-insights/trending/9QgrYnvoPs0L4z9XCUpbiw2 content esgSubNav
In This List

Acoustech Q1 loss narrows YOY

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Acoustech Q1 loss narrows YOY

4910987 said its first-quarter normalized net income amounted to a loss of 872,500 ringgits, compared with a loss of 1.1 million 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 negative 5.2% from negative 4.0% in the year-earlier period.

Total revenue fell 39.3% year over year to 16.9 million ringgits from 27.8 million ringgits, and total operating expenses decreased 36.8% year over year to 18.3 million ringgits from 28.9 million ringgits.

eported net income totaled a loss of 1.2 million ri Acoustech Berhad.