trending Market Intelligence /marketintelligence/en/news-insights/trending/nLk9sYK5tqBH7NAA0Ft_cA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lay Hong fiscal Q4 profit climbs 5.6% YOY

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?


Lay Hong fiscal Q4 profit climbs 5.6% YOY

Lay Hong Bhd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 4.7 million ringgits, a rise of 5.6% from 4.4 million ringgits in the prior-year period.

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

The normalized profit margin dropped to 2.7% from 3.0% in the year-earlier period.

Total revenue rose 15.8% year over year to 171.5 million ringgits from 148.1 million ringgits, and total operating expenses rose 15.7% year over year to 161.4 million ringgits from 139.6 million ringgits.

Reported net income declined 11.8% on an annual basis to 4.5 million ringgits, or 1 sen per share, from 5.1 million ringgits, or 1 sen per share.

For the year, the company's normalized net income totaled 3 sen per share, an increase from 1 sen per share in the prior year.

Normalized net income was 16.3 million ringgits, an increase from 6.3 million ringgits in the prior year.

Full-year total revenue increased 16.0% from the prior-year period to 671.7 million ringgits from 579.2 million ringgits, and total operating expenses increased 13.2% year over year to 635.6 million ringgits from 561.4 million ringgits.

The company said reported net income increased year over year to 18.6 million ringgits, or 4 sen per share, in the full year, from 7.2 million ringgits, or 1 sen per share.

As of July 20, US$1 was equivalent to 3.81 ringgits.