trending Market Intelligence /marketintelligence/en/news-insights/trending/GUh6JVvunTOBZFaP_GXLzQ2 content esgSubNav
In This List

SWS Capital swings to loss in fiscal Q3


Volume of Investment Research Reports on Inflation Increased in Q4 2021


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


Using ESG Analysis to Support a Sustainable Future


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

SWS Capital swings to loss in fiscal Q3

SWS Capital Bhd. said its normalized net income for the fiscal third quarter ended May 31 amounted to a loss of 2.0 million ringgits, compared with income of 101,830 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 6.4% from 0.3% in the year-earlier period.

Total revenue decreased on an annual basis to 31.4 million ringgits from 32.0 million ringgits, and total operating expenses grew 8.0% from the prior-year period to 34.1 million ringgits from 31.6 million ringgits.

Reported net income came to a loss of 3.3 million ringgits, or a loss of 3 sen per share, compared to income of 216,680 ringgits, or 0 sen per share, in the prior-year period.

As of July 22, US$1 was equivalent to 3.81 ringgits.