trending Market Intelligence /marketintelligence/en/news-insights/trending/aq_FxyEAZyDOEBS4oElx0g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Courts Asia fiscal Q4 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Courts Asia fiscal Q4 profit falls YOY

Courts Asia Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was S$5.3 million, a decline of 29.0% from S$7.4 million 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 2.7% from 3.6% in the year-earlier period.

Total revenue decreased 7.0% on an annual basis to S$192.5 million from S$207.0 million, and total operating expenses fell 5.8% year over year to S$179.8 million from S$190.9 million.

Reported net income fell 16.4% year over year to S$6.5 million, or 1 cents per share, from S$7.8 million, or 1 cents per share.

For the year, the company's normalized net income totaled 2 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3 cents.

EPS declined 41.7% from 4 cents in the prior year.

Normalized net income was S$13.7 million, a decline of 42.4% from S$23.8 million in the prior year.

Full-year total revenue declined 8.6% year over year to S$758.5 million from S$830.3 million, and total operating expenses declined 7.4% on an annual basis to S$717.5 million from S$775.0 million.

The company said reported net income fell 38.7% on an annual basis to S$17.3 million, or 3 cents per share, in the full year, from S$28.3 million, or 5 cents per share.

As of July 16, US$1 was equivalent to S$1.37.