trending Market Intelligence /marketintelligence/en/news-insights/trending/BoKaM76exxCKtlQ5ld20Vw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Maxwell International swings to loss in Q1

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Maxwell International swings to loss in Q1

Maxwell International Holdings Bhd. said its normalized net income for the first quarter came to a loss of 1.9 million ringgits, compared with income of 430,050 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 10.0% from 1.8% in the year-earlier period.

Total revenue fell 16.5% year over year to 19.9 million ringgits from 23.8 million ringgits, and total operating expenses totaled 21.5 million ringgits, compared with 21.5 million ringgits in the prior-year period.

Reported net income came to a loss of 3.0 million ringgits, or a loss of 1 sen per share, compared to income of 36,640 ringgits, or 0 sen per share, in the prior-year period.

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