trending Market Intelligence /marketintelligence/en/news-insights/trending/FTHQ0b6InqeATnh5QjK97g2 content esgSubNav
In This List

QL Resources fiscal Q2 profit climbs 17.1% 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 Q2 profit climbs 17.1% YOY

QL Resources Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2 Malaysian sen per share, an increase of 7.4% from 2 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 37.6 million ringgits, a gain of 17.1% from 32.1 million ringgits in the year-earlier period.

The normalized profit margin increased to 5.7% from 5.3% in the year-earlier period.

Total revenue rose 8.5% on an annual basis to 656.5 million ringgits from 605.1 million ringgits, and total operating expenses climbed 8.1% from the prior-year period to 591.8 million ringgits from 547.5 million ringgits.

Reported net income rose 14.0% on an annual basis to 48.2 million ringgits, or 3 sen per share, from 42.3 million ringgits, or 3 sen per share.

As of Nov. 20, US$1 was equivalent to 3.37 ringgits.