trending Market Intelligence /marketintelligence/en/news-insights/trending/cT79N3-20RlJUZ2fHgoqgg2 content esgSubNav
In This List

Ni Hsin Resources swings to profit in Q1

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast


Ni Hsin Resources swings to profit in Q1

Ni Hsin Resources Bhd. said its normalized net income for the first quarter amounted to 140,630 ringgits, compared with a loss of 228,750 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 rose to 1.3% from negative 2.2% in the year-earlier period.

Total revenue rose 8.2% year over year to 11.2 million ringgits from 10.4 million ringgits, and total operating expenses increased from the prior-year period to 11.0 million ringgits from 10.7 million ringgits.

Reported net income came to 158,000 ringgits, or 0 sen per share, compared to a loss of 547,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of May 21, US$1 was equivalent to 3.60 ringgits.