trending Market Intelligence /marketintelligence/en/news-insights/trending/DTH_05koNSbjYenGlspRkg2 content esgSubNav
In This List

SYF Resources fiscal Q3 profit falls YOY

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Video

Lithium Import

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


SYF Resources fiscal Q3 profit falls YOY

SYF Resources Bhd. said its normalized net income for the fiscal third quarter ended April 30 amounted to 5.5 million ringgits, a decrease from 5.6 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 declined to 7.0% from 7.5% in the year-earlier period.

Total revenue rose 5.4% year over year to 78.8 million ringgits from 74.8 million ringgits, and total operating expenses increased 6.1% from the prior-year period to 68.7 million ringgits from 64.8 million ringgits.

Reported net income declined 13.3% on an annual basis to 6.4 million ringgits, or 1 sen per share, from 7.4 million ringgits, or 1 sen per share.

As of June 23, US$1 was equivalent to 3.75 ringgits.