trending Market Intelligence /marketintelligence/en/news-insights/trending/b0nDika5CETJ27zIuBkUEw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

OldTown fiscal Q3 profit falls YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


OldTown fiscal Q3 profit falls YOY

OldTown Berhad said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 2 Malaysian sen per share, a decrease from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.7 million ringgits, a decline from 11.1 million ringgits in the prior-year period.

The normalized profit margin dropped to 10.5% from 10.5% in the year-earlier period.

Total revenue fell on an annual basis to 102.2 million ringgits from 105.7 million ringgits, and total operating expenses declined from the prior-year period to 85.7 million ringgits from 88.1 million ringgits.

Reported net income fell 23.0% year over year to 11.1 million ringgits, or 2 sen per share, from 14.4 million ringgits, or 3 sen per share.

As of Feb. 25, US$1 was equivalent to 4.22 ringgits.