trending Market Intelligence /marketintelligence/en/news-insights/trending/dDuvrOp2AtdaQ00pJQekUg2 content esgSubNav
In This List

Rubberex Q2 profit falls YOY

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Rubberex Q2 profit falls YOY

Rubberex Corp. (M) Bhd. said its normalized net income for the second quarter came to 2.2 million ringgits, a decline of 24.2% from 2.9 million 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 fell to 2.2% from 3.9% in the year-earlier period.

Total revenue rose 31.0% year over year to 99.8 million ringgits from 76.1 million ringgits, and total operating expenses climbed 34.4% on an annual basis to 95.1 million ringgits from 70.8 million ringgits.

Reported net income decreased 35.9% on an annual basis to 2.4 million ringgits, or 1 sen per share, from 3.7 million ringgits, or 2 sen per share.

As of Aug. 21, US$1 was equivalent to 4.29 ringgits.