trending Market Intelligence /marketintelligence/en/news-insights/trending/_OMDxiR0mE9M6ue7VkQAyQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Prestariang Q2 profit falls YOY

Blog

Tech in Banking: An Age of Digital Disruption

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Prestariang Q2 profit falls YOY

Prestariang Bhd. said its normalized net income for the second quarter came to 3.1 million ringgits, a fall from 3.2 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 dropped to 6.4% from 9.1% in the year-earlier period.

Total revenue grew 39.5% year over year to 48.8 million ringgits from 35.0 million ringgits, and total operating expenses grew 43.3% year over year to 44.6 million ringgits from 31.1 million ringgits.

Reported net income fell 27.2% year over year to 3.7 million ringgits, or 1 sen per share, from 5.1 million ringgits, or 1 sen per share.

As of Aug. 24, US$1 was equivalent to 4.04 ringgits.