trending Market Intelligence /marketintelligence/en/news-insights/trending/hknw_IC-PtJkpRbYly_d2A2 content esgSubNav
In This List

Tan Chong Motor 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


Tan Chong Motor Q1 profit falls YOY

Tan Chong Motor Holdings Bhd. said its first-quarter normalized net income came to 4 Malaysian sen per share, a decline of 30.4% from 6 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.0 million ringgits, a decrease of 30.4% from 38.8 million ringgits in the prior-year period.

The normalized profit margin fell to 1.7% from 3.1% in the year-earlier period.

Total revenue grew 24.5% year over year to 1.57 billion ringgits from 1.26 billion ringgits, and total operating expenses rose 27.6% from the prior-year period to 1.52 billion ringgits from 1.19 billion ringgits.

Reported net income declined 36.5% on an annual basis to 26.3 million ringgits, or 4 sen per share, from 41.5 million ringgits, or 6 sen per share.

As of May 13, US$1 was equivalent to 3.58 ringgits.