trending Market Intelligence /marketintelligence/en/news-insights/trending/L5WdoQNUdBg5hh6owKOlgw2 content esgSubNav
In This List

New Hoong Fatt Q1 profit climbs 51.9% 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


New Hoong Fatt Q1 profit climbs 51.9% YOY

New Hoong Fatt Holdings Bhd. said its normalized net income for the first quarter amounted to 4 Malaysian sen per share, a gain of 51.9% from 3 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 3.3 million ringgits, an increase of 51.9% from 2.2 million ringgits in the year-earlier period.

The normalized profit margin climbed to 6.9% from 4.7% in the year-earlier period.

Total revenue climbed on an annual basis to 48.2 million ringgits from 46.0 million ringgits, and total operating expenses grew year over year to 42.7 million ringgits from 42.0 million ringgits.

Reported net income grew 76.1% year over year to 4.4 million ringgits, or 6 sen per share, from 2.5 million ringgits, or 3 sen per share.

As of May 5, US$1 was equivalent to 3.60 ringgits.