trending Market Intelligence /marketintelligence/en/news-insights/trending/Lphp507Pq0j_JXRekUmQ1Q2 content esgSubNav
In This List

Megalogic Technology Q1 loss narrows YOY

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Broadcast broker activities, H1'21

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Megalogic Technology Q1 loss narrows YOY

New Western Group Ltd. said its normalized net income for the first quarter was a loss of HK$253,130, compared with a loss of HK$1.3 million in the year-earlier period.

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

The normalized profit margin rose to negative 3.0% from negative 12.4% in the year-earlier period.

Total revenue declined 16.1% year over year to HK$8.5 million from HK$10.2 million, and total operating expenses decreased 26.5% on an annual basis to HK$8.9 million from HK$12.1 million.

Reported net income totaled a loss of HK$405,000, or a loss of 0 cents per share, compared to a loss of HK$2.0 million, or a loss of 1 cents per share, in the year-earlier period.