trending Market Intelligence /marketintelligence/en/news-insights/trending/ErjKudVZPC9NV7UG6Tl3XQ2 content esgSubNav
In This List

Furnmart fiscal H1 profit falls YOY

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Furnmart fiscal H1 profit falls YOY

Furnmart Ltd. said its normalized net income for the fiscal first half ended Jan. 31 amounted to 3.9 million pula, a fall of 89.3% from 36.2 million pula in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 5.0% on an annual basis to 622.2 million pula from 655.2 million pula, and total operating expenses fell 5.1% from the prior-year period to 559.3 million pula from 589.7 million pula.

Reported net income came to a loss of 4.4 million pula, or a loss of 1 thebe per share, compared to income of 40.3 million pula, or 7 thebe per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 10.71 pula.