trending Market Intelligence /marketintelligence/en/news-insights/trending/k3v_DRYTq9gXP_onzp9pxw2 content esgSubNav
In This List

PCCS Group swings to loss in fiscal Q1

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


PCCS Group swings to loss in fiscal Q1

PCCS Group Bhd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 9 Malaysian sen per share, compared with 1 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 a loss of 5.4 million ringgits, compared with income of 627,750 ringgits in the year-earlier period.

The normalized profit margin declined to negative 6.4% from 0.6% in the year-earlier period.

Total revenue declined 16.0% on an annual basis to 83.6 million ringgits from 99.6 million ringgits, and total operating expenses fell 6.0% from the prior-year period to 92.3 million ringgits from 98.2 million ringgits.

Reported net income came to a loss of 8.8 million ringgits, or a loss of 15 sen per share, compared to income of 494,000 ringgits, or 1 sen per share, in the year-earlier period.

As of Aug. 28, US$1 was equivalent to 3.15 ringgits.