trending Market Intelligence /marketintelligence/en/news-insights/trending/rMK6OIgNj2SdqTnNIougmg2 content esgSubNav
In This List

Borneo Oil fiscal Q2 profit falls 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


Borneo Oil fiscal Q2 profit falls YOY

Borneo Oil Bhd. said its normalized net income for the fiscal second quarter ended July 31 amounted to 1.5 million ringgits, a decline of 44.8% from 2.8 million 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 dropped to 7.9% from 17.2% in the year-earlier period.

Total revenue grew 20.4% on an annual basis to 19.3 million ringgits from 16.1 million ringgits, and total operating expenses rose 44.6% from the prior-year period to 16.7 million ringgits from 11.5 million ringgits.

Reported net income decreased 44.4% from the prior-year period to 2.4 million ringgits, or 1 sen per share, from 4.4 million ringgits, or 1 sen per share.

As of Sept. 30, US$1 was equivalent to 3.28 ringgits.