trending Market Intelligence /marketintelligence/en/news-insights/trending/a_gDp8-m5f57Q6XQFwtMdA2 content esgSubNav
In This List

JCY International swings to loss in fiscal Q2

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


JCY International swings to loss in fiscal Q2

JCY International Berhad said its normalized net income for the fiscal second quarter ended March 31 was a loss of 2.3 million ringgits, compared with income of 32.8 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 negative 0.5% from 6.4% in the year-earlier period.

Total revenue fell 10.1% on an annual basis to 457.3 million ringgits from 508.8 million ringgits, and total operating expenses declined 6.2% on an annual basis to 437.5 million ringgits from 466.2 million ringgits.

Reported net income totaled a loss of 6.4 million ringgits, or a loss of 0 sen per share, compared to income of 51.2 million ringgits, or 2 sen per share, in the prior-year period.

As of May 19, US$1 was equivalent to 4.09 ringgits.