trending Market Intelligence /marketintelligence/en/news-insights/trending/aQHIu7xm5ir43COs2DXpZg2 content esgSubNav
In This List

Harn Len Q1 loss widens YOY

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Global M&A By the Numbers: Q1 2024

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies


Harn Len Q1 loss widens YOY

Harn Len Corp. Bhd said its first-quarter normalized net income amounted to a loss of 5.5 million ringgits, compared with a loss of 1.3 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 13.3% from negative 2.5% in the year-earlier period.

Total revenue fell 18.3% year over year to 41.3 million ringgits from 50.6 million ringgits, and total operating expenses decreased on an annual basis to 50.4 million ringgits from 51.9 million ringgits.

Reported net income totaled a loss of 8.2 million ringgits, or a loss of 4 sen per share, compared to a loss of 2.0 million ringgits, or a loss of 1 sen per share, in the prior-year period.

As of May 27, US$1 was equivalent to 3.65 ringgits.