trending Market Intelligence /marketintelligence/en/news-insights/trending/IfxLoEfsIcn34zDgD9oQFA2 content esgSubNav
In This List

Milux swings to loss in Q1

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Milux swings to loss in Q1

Milux Corp. Berhad said its normalized net income for the first quarter came to a loss of 215,000 ringgits, compared with income of 56,250 ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 1.3% from 0.3% in the year-earlier period.

Total revenue fell 8.6% year over year to 16.5 million ringgits from 18.0 million ringgits, and total operating expenses decreased 6.2% year over year to 16.8 million ringgits from 17.9 million ringgits.

Reported net income totaled a loss of 495,000 ringgits, or a loss of 1 sen per share, compared to a loss of 339,000 ringgits, or a loss of 1 sen per share, in the prior-year period.

As of May 25, US$1 was equivalent to 4.10 ringgits.