trending Market Intelligence /marketintelligence/en/news-insights/trending/mTdxu2AR6YbmFR_vz0Mwnw2 content esgSubNav
In This List

Innoprise Plantations Q3 profit climbs YOY


Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure


Automating Credit Risk Surveillance Using Statistical Models

Case Study

Searching for Alpha with Textual Data

Innoprise Plantations Q3 profit climbs YOY

Innoprise Plantations Bhd. said its normalized net income for the third quarter was 2 Malaysian sen per share, a gain of 65.3% from 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 11.2 million ringgits, a gain from 5.4 million ringgits in the year-earlier period.

The normalized profit margin rose to 27.0% from 17.5% in the year-earlier period.

Total revenue climbed 33.7% on an annual basis to 41.3 million ringgits from 30.9 million ringgits, and total operating expenses grew 5.4% on an annual basis to 22.6 million ringgits from 21.5 million ringgits.

Reported net income grew on an annual basis to 13.8 million ringgits, or 3 sen per share, from 6.7 million ringgits, or 2 sen per share.

As of Nov. 22, US$1 was equivalent to 4.42 ringgits.