trending Market Intelligence /marketintelligence/en/news-insights/trending/nig6TBLYoNBsR78Kj2EHfA2 content esgSubNav
In This List

Island Information & Technology fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Island Information & Technology fiscal Q1 loss narrows YOY

Island Information & Technology Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to a loss of 264,380 pesos, compared with a loss of 286,370 pesos in the year-earlier period.

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

Total revenue held steady year over year at 60,000 pesos, and total operating expenses fell 14.8% on an annual basis to 203,000 pesos from 238,190 pesos.

Reported net income came to a loss of 423,000 pesos, or a loss of 0 centavos per share, compared to a loss of 458,190 pesos, or a loss of 0 centavos per share, in the year-earlier period.

As of March 15, US$1 was equivalent to 46.73 Philippine pesos.