trending Market Intelligence /marketintelligence/en/news-insights/trending/_ENbmnUCXC0glzW6FVuTtA2 content esgSubNav
In This List

Global Palm Resources Q2 profit falls YOY


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


Street Talk | Episode 116: Early remediation, not Basel III endgame, the answer to avoid repeat of spring 2023 bank failures

Global Palm Resources Q2 profit falls YOY

Global Palm Resources Holdings Ltd said its normalized net income for the second quarter amounted to 13.84 rupiah per share, a decrease of 80.2% from 69.84 rupiah per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.00 billion rupiah, a decline of 79.3% from 14.50 billion rupiah in the prior-year period.

The normalized profit margin declined to 3.8% from 15.0% in the year-earlier period.

Total revenue decreased 17.9% on an annual basis to 79.68 billion rupiah from 97.00 billion rupiah, and total operating expenses grew 6.3% year over year to 70.27 billion rupiah from 66.12 billion rupiah.

Reported net income decreased 80.3% on an annual basis to 3.03 billion rupiah, or 14.00 rupiah per share, from 15.37 billion rupiah, or 74.00 rupiah per share.

As of Aug. 14, US$1 was equivalent to 13,797 rupiah.