trending Market Intelligence /marketintelligence/en/news-insights/trending/DxKzbYzh-w6HqT8vuwzmCw2 content esgSubNav
In This List

K-Star Sports Q1 loss widens 9.0% 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


K-Star Sports Q1 loss widens 9.0% YOY

K-Star Sports Ltd said its first-quarter normalized net income amounted to a loss of 2 fen per share, compared with a loss of 2 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.9 million yuan, compared with a loss of 5.4 million yuan in the year-earlier period.

The normalized profit margin climbed to negative 8.3% from negative 8.4% in the year-earlier period.

Total revenue increased 10.5% on an annual basis to 70.5 million yuan from 63.8 million yuan, and total operating expenses climbed 8.9% on an annual basis to 78.4 million yuan from 72.1 million yuan.

Reported net income came to a loss of 9.4 million yuan, or a loss of 4 fen per share, compared to a loss of 8.6 million yuan, or a loss of 3 fen per share, in the year-earlier period.

As of May 20, US$1 was equivalent to 6.55 yuan.