trending Market Intelligence /marketintelligence/en/news-insights/trending/Bf9SdIFcJq8O7aKUBe9i-w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Xinghe Holdings Q1 profit climbs 42.4% YOY


ESG hits the mainstream for European private equity sponsors


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


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Xinghe Holdings Q1 profit climbs 42.4% YOY

XingHe Holdings Berhad said its first-quarter normalized net income amounted to 1 Malaysian sen per share, a decline of 91.4% from 17 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 33.8 million ringgits, an increase of 42.4% from 23.7 million ringgits in the year-earlier period.

The normalized profit margin increased to 8.7% from 7.7% in the year-earlier period.

Total revenue rose 25.2% on an annual basis to 388.2 million ringgits from 310.2 million ringgits, and total operating expenses climbed 22.6% on an annual basis to 327.5 million ringgits from 267.3 million ringgits.

Reported net income rose 44.3% on an annual basis to 41.9 million ringgits, or 2 sen per share, from 29.1 million ringgits, or 20 sen per share.

As of May 29, US$1 was equivalent to 3.66 ringgits.