trending Market Intelligence /marketintelligence/en/news-insights/trending/DYZzRBJH5V8jXxa0Cw24bw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

DeGem Q2 profit falls YOY

PODCAST

Episode 14: A Quantum of Technology

Gender Parity within German Banks

Blog

Deal Trends in Latin America, Issue 13

Video

Capital Markets View April 2021


DeGem Q2 profit falls YOY

DeGem Berhad said its normalized net income for the second quarter was 563,880 ringgits, a decrease of 84.0% from 3.5 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 dropped to 1.5% from 7.5% in the year-earlier period.

Total revenue fell 21.2% on an annual basis to 37.0 million ringgits from 47.0 million ringgits, and total operating expenses decreased 11.9% year over year to 36.6 million ringgits from 41.6 million ringgits.

Reported net income decreased 78.7% on an annual basis to 935,000 ringgits, or 1 sen per share, from 4.4 million ringgits, or 3 sen per share.

As of Aug. 20, US$1 was equivalent to 4.12 ringgits.