trending Market Intelligence /marketintelligence/en/news-insights/trending/qEDpICCaeELT_b7LT3VIRg2 content esgSubNav
In This List

Rex Industry swings to loss in Q2

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


Rex Industry swings to loss in Q2

Rex Industry Bhd. said its normalized net income for the second quarter was a loss of 581,880 ringgits, compared with income of 881,250 ringgits in the year-earlier period.

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

The normalized profit margin fell to negative 1.6% from 2.7% in the year-earlier period.

Total revenue rose 15.0% year over year to 37.1 million ringgits from 32.2 million ringgits, and total operating expenses rose 23.2% on an annual basis to 37.9 million ringgits from 30.7 million ringgits.

Reported net income decreased 33.4% from the prior-year period to 703,000 ringgits, or 0 sen per share, from 1.1 million ringgits, or 0 sen per share.

As of Aug. 11, US$1 was equivalent to 3.99 ringgits.