trending Market Intelligence /marketintelligence/en/news-insights/trending/R1VYZY60GnKMOHbY-hyiFQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

HL Global Enterprises Q1 loss narrows YOY

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity


HL Global Enterprises Q1 loss narrows YOY

HL Global Enterprises Ltd said its first-quarter normalized net income amounted to a loss of S$705,000, compared with a loss of S$810,630 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 21.2% from negative 30.6% in the year-earlier period.

Total revenue rose 25.6% year over year to S$3.3 million from S$2.7 million, and total operating expenses climbed 8.6% year over year to S$3.1 million from S$2.8 million.

Reported net income totaled a loss of S$1.2 million, or a loss of 1 cents per share, compared to a loss of S$1.3 million, or a loss of 1 cents per share, in the prior-year period.

As of April 29, US$1 was equivalent to S$1.34.