trending Market Intelligence /marketintelligence/en/news-insights/trending/rvlQ6LUZBUdmeDDp2uSb6g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Harn Len Q3 profit climbs 15.0% YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Harn Len Q3 profit climbs 15.0% YOY

Harn Len Corp. Bhd said its third-quarter normalized net income amounted to 2 Malaysian sen per share, an increase of 18.5% from 2 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 3.7 million ringgits, an increase of 15.0% from 3.2 million ringgits in the prior-year period.

The normalized profit margin fell to 4.0% from 4.2% in the year-earlier period.

Total revenue climbed 20.0% year over year to 91.7 million ringgits from 76.4 million ringgits, and total operating expenses climbed 16.5% year over year to 82.6 million ringgits from 70.8 million ringgits.

Reported net income declined 12.7% year over year to 3.2 million ringgits, or 2 sen per share, from 3.6 million ringgits, or 2 sen per share.

As of Nov. 24, US$1 was equivalent to 4.40 ringgits.