trending Market Intelligence /marketintelligence/en/news-insights/trending/r_yEftZUJO5Bp5W6gXAXHg2 content esgSubNav
In This List

KESM Industries fiscal Q2 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

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


KESM Industries fiscal Q2 profit climbs YOY

KESM Industries Berhad said its normalized net income for the fiscal second quarter ended Jan. 31 amounted to 11 Malaysian sen per share, an increase from 4 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 4.9 million ringgits, a gain from 1.6 million ringgits in the prior-year period.

The normalized profit margin climbed to 6.8% from 2.5% in the year-earlier period.

Total revenue grew 12.3% on an annual basis to 71.3 million ringgits from 63.5 million ringgits, and total operating expenses grew from the prior-year period to 61.5 million ringgits from 59.3 million ringgits.

Reported net income increased from the prior-year period to 7.0 million ringgits, or 16 sen per share, from 2.1 million ringgits, or 5 sen per share.

As of March 10, US$1 was equivalent to 4.12 ringgits.