trending Market Intelligence /marketintelligence/en/news-insights/trending/FBElOrR8wKQmdldUlj6MfA2 content esgSubNav
In This List

QL Resources fiscal Q3 profit climbs 24.8% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


QL Resources fiscal Q3 profit climbs 24.8% YOY

QL Resources Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 3 Malaysian sen per share, an increase of 14.7% from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.9 million ringgits, an increase of 24.8% from 34.4 million ringgits in the prior-year period.

The normalized profit margin increased to 5.9% from 5.2% in the year-earlier period.

Total revenue increased 10.1% year over year to 732.8 million ringgits from 665.6 million ringgits, and total operating expenses grew 8.9% from the prior-year period to 654.3 million ringgits from 600.6 million ringgits.

Reported net income rose 24.7% from the prior-year period to 55.6 million ringgits, or 3 sen per share, from 44.6 million ringgits, or 3 sen per share.

As of Feb. 26, US$1 was equivalent to 3.60 ringgits.