trending Market Intelligence /marketintelligence/en/news-insights/trending/CPiP4RJtK8BIcsjF8vnh0Q2 content esgSubNav
In This List

Only World Group fiscal Q2 profit climbs 33.7% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Only World Group fiscal Q2 profit climbs 33.7% YOY

Only World Group Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 2 Malaysian sen per share, an increase of 33.7% from 2 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 4.6 million ringgits, a gain of 33.7% from 3.4 million ringgits in the prior-year period.

The normalized profit margin rose to 16.2% from 13.9% in the year-earlier period.

Total revenue grew 15.4% on an annual basis to 28.3 million ringgits from 24.6 million ringgits, and total operating expenses grew 9.5% from the prior-year period to 20.5 million ringgits from 18.7 million ringgits.

Reported net income increased 28.3% year over year to 5.3 million ringgits, or 2 sen per share, from 4.2 million ringgits, or 2 sen per share.

As of Feb. 19, US$1 was equivalent to 4.22 ringgits.