trending Market Intelligence /marketintelligence/en/news-insights/trending/jWU5vGiu69DYCYuXGWp-Uw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Sarawak Oil Palms Q1 profit falls YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Sarawak Oil Palms Q1 profit falls YOY

Sarawak Oil Palms Bhd. said its first-quarter normalized net income amounted to 1 Malaysian sen per share, a decrease of 81.3% from 6 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 5.3 million ringgits, a decline of 81.3% from 28.3 million ringgits in the year-earlier period.

The normalized profit margin declined to 0.8% from 5.2% in the year-earlier period.

Total revenue climbed 15.4% year over year to 630.9 million ringgits from 546.6 million ringgits, and total operating expenses rose 25.7% on an annual basis to 612.6 million ringgits from 487.5 million ringgits.

Reported net income decreased 83.8% year over year to 5.5 million ringgits, or 1 sen per share, from 33.7 million ringgits, or 8 sen per share.

As of May 15, US$1 was equivalent to 3.56 ringgits.