trending Market Intelligence /marketintelligence/en/news-insights/trending/scn5f3YDmmKMXWvy_Y0dvg2 content esgSubNav
In This List

Suiwah fiscal Q1 profit falls YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Suiwah fiscal Q1 profit falls YOY

Suiwah Corp. Bhd. said its normalized net income for the fiscal first quarter ended Aug. 31 was 4 Malaysian sen per share, a decrease of 31.7% from 5 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 2.1 million ringgits, a decline of 31.7% from 3.0 million ringgits in the prior-year period.

The normalized profit margin dropped to 2.1% from 3.3% in the year-earlier period.

Total revenue grew 6.5% on an annual basis to 98.1 million ringgits from 92.1 million ringgits, and total operating expenses climbed 8.4% year over year to 94.4 million ringgits from 87.1 million ringgits.

Reported net income decreased 32.3% year over year to 2.3 million ringgits, or 4 sen per share, from 3.4 million ringgits, or 6 sen per share.

As of Oct. 17, US$1 was equivalent to 3.27 ringgits.