trending Market Intelligence /marketintelligence/en/news-insights/trending/Cz8SIr9EjdTnAxI7yiNQhw2 content esgSubNav
In This List

Formosa Prosonic Industries Q2 profit climbs YOY

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


European banking sector outlook 2023


No disruption on the road to digitization

Formosa Prosonic Industries Q2 profit climbs YOY

Formosa Prosonic Industries Bhd. said its normalized net income for the second quarter amounted to 1.6 million ringgits, a gain from 658,250 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 increased to 2.1% from 0.9% in the year-earlier period.

Total revenue grew 8.9% year over year to 76.1 million ringgits from 69.9 million ringgits, and total operating expenses climbed from the prior-year period to 70.3 million ringgits from 68.6 million ringgits.

Reported net income rose on an annual basis to 3.0 million ringgits, or 1 sen per share, from 1.2 million ringgits, or 0 sen per share.

As of Aug. 12, US$1 was equivalent to 4.01 ringgits.