trending Market Intelligence /marketintelligence/en/news-insights/trending/GzfocUMiR5i28KOPsmVqbg2 content esgSubNav
In This List

Global Palm Resources Q1 profit falls 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


Global Palm Resources Q1 profit falls YOY

Global Palm Resources Holdings Ltd said its normalized net income for the first quarter was 42.81 rupiah per share, a decrease of 58.9% from 104.19 rupiah per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.91 billion rupiah, a decrease of 58.7% from 21.55 billion rupiah in the year-earlier period.

The normalized profit margin declined to 10.0% from 22.9% in the year-earlier period.

Total revenue declined 5.7% year over year to 88.73 billion rupiah from 94.09 billion rupiah, and total operating expenses rose 8.1% from the prior-year period to 73.36 billion rupiah from 67.84 billion rupiah.

Reported net income fell 57.1% on an annual basis to 12.07 billion rupiah, or 58.00 rupiah per share, from 28.13 billion rupiah, or 136.00 rupiah per share.

As of May 13, US$1 was equivalent to 13,100 rupiah.