trending Market Intelligence /marketintelligence/en/news-insights/trending/C4-GM-Maa0TqwbhzGIsPLg2 content esgSubNav
In This List

Mexter Technology Q1 profit falls YOY

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


Mexter Technology Q1 profit falls YOY

LYC Healthcare Bhd. said its normalized net income for the first quarter came to 2,500 ringgits, a decrease of 95.5% from 56,130 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 dropped to 0.0% from 0.6% in the year-earlier period.

Total revenue grew 23.7% on an annual basis to 11.2 million ringgits from 9.1 million ringgits, and total operating expenses rose 21.1% on an annual basis to 11.0 million ringgits from 9.1 million ringgits.

Reported net income rose on an annual basis to 60,000 ringgits, or 0 sen per share, from 27,000 ringgits, or 0 sen per share.

As of May 25, US$1 was equivalent to 4.10 ringgits.