trending Market Intelligence /marketintelligence/en/news-insights/trending/ljaKBNbft4BLlXngauy6aQ2 content esgSubNav
In This List

Asia Pacific Fibers Q2 loss narrows YOY

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Asia Pacific Fibers Q2 loss narrows YOY

PT Asia Pacific Fibers Tbk said its normalized net income for the second quarter was a loss of $1.0 million, compared with a loss of $3.7 million in the prior-year period.

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

The normalized profit margin climbed to negative 0.9% from negative 2.8% in the year-earlier period.

Total revenue decreased 13.7% on an annual basis to $113.3 million from $131.3 million, and total operating expenses fell 16.7% on an annual basis to $114.8 million from $137.8 million.

Reported net income came to $2.0 million, or 0 cents per share, compared to a loss of $5.2 million, or a loss of 0 cents per share, in the year-earlier period.