trending Market Intelligence /marketintelligence/en/news-insights/trending/FjK2BOWL9onsqskmIDegwA2 content esgSubNav
In This List

Ahsay Backup Software Development swings to loss in Q1

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast


Ahsay Backup Software Development swings to loss in Q1

Ahsay Backup Software Development Company Ltd. said its normalized net income for the first quarter was a loss of HK$528,130, compared with income of HK$2.4 million 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 negative 4.2% from 17.1% in the year-earlier period.

Total revenue decreased 11.0% year over year to HK$12.7 million from HK$14.2 million, and total operating expenses climbed 41.4% on an annual basis to HK$13.6 million from HK$9.6 million.

Reported net income came to a loss of HK$704,000, or a loss of 0 cents per share, compared to income of HK$3.2 million, or 0 cents per share, in the year-earlier period.