trending Market Intelligence /marketintelligence/en/news-insights/trending/fcrWE5YMfRAryJotT3QIPA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Negri Sembilan Oil Palms Q1 profit falls YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Negri Sembilan Oil Palms Q1 profit falls YOY

Negri Sembilan Oil Palms Berhad said its normalized net income for the first quarter amounted to 90,750 ringgits, a decline of 94.8% from 1.7 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 negative 0.3% from 8.4% in the year-earlier period.

Total revenue decreased 14.9% year over year to 17.8 million ringgits from 20.9 million ringgits, and total operating expenses climbed 8.0% from the prior-year period to 19.4 million ringgits from 18.0 million ringgits.

Reported net income fell 80.6% on an annual basis to 421,000 ringgits, or 1 sen per share, from 2.2 million ringgits, or 3 sen per share.

As of May 28, US$1 was equivalent to 3.65 ringgits.