trending Market Intelligence /marketintelligence/en/news-insights/trending/sVhZ1WcdLrVYxMvnNhpzoA2 content esgSubNav
In This List

FACB Industries fiscal Q1 profit climbs YOY

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


FACB Industries fiscal Q1 profit climbs YOY

FACB Industries Inc. Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 924,000 ringgits, a gain from 220,000 ringgits in the prior-year period.

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

The normalized profit margin rose to 9.9% from 1.8% in the year-earlier period.

Total revenue increased on an annual basis to 12.6 million ringgits from 12.2 million ringgits, and total operating expenses fell from the prior-year period to 13.3 million ringgits from 13.6 million ringgits.

Reported net income rose on an annual basis to 2.1 million ringgits, or 3 sen per share, from 428,000 ringgits, or 1 sen per share.

As of Nov. 18, US$1 was equivalent to 4.36 ringgits.