trending Market Intelligence /marketintelligence/en/news-insights/trending/B8V5FwukAiiQHNPNKhfM5g2 content esgSubNav
In This List

Emico Holdings swings to loss in fiscal Q2

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Emico Holdings swings to loss in fiscal Q2

Emico Holdings Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 503,380 ringgits, compared with income of 1.2 million ringgits in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 3.4% from 5.1% in the year-earlier period.

Total revenue declined 35.3% year over year to 15.0 million ringgits from 23.2 million ringgits, and total operating expenses decreased 26.8% year over year to 15.6 million ringgits from 21.3 million ringgits.

Reported net income totaled a loss of 761,000 ringgits, or a loss of 1 sen per share, compared to income of 1.9 million ringgits, or 2 sen per share, in the year-earlier period.

As of Nov. 26, US$1 was equivalent to 3.35 ringgits.