trending Market Intelligence /marketintelligence/en/news-insights/trending/Uh9xUDC7XzKeR8DACdX3mA2 content esgSubNav
In This List

Zhulian Corp fiscal Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Zhulian Corp fiscal Q3 profit falls YOY

Zhulian Corp. Bhd. said its normalized net income for the fiscal third quarter ended Aug. 31 amounted to 1 Malaysian sen per share, a decrease of 61.3% from 3 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.9 million ringgits, a decrease of 61.3% from 12.6 million ringgits in the prior-year period.

The normalized profit margin dropped to 11.1% from 24.9% in the year-earlier period.

Total revenue decreased 13.1% year over year to 44.0 million ringgits from 50.7 million ringgits, and total operating expenses decreased 5.1% on an annual basis to 41.4 million ringgits from 43.6 million ringgits.

Reported net income decreased 63.7% on an annual basis to 6.1 million ringgits, or 1 sen per share, from 16.9 million ringgits, or 4 sen per share.

As of Oct. 12, US$1 was equivalent to 4.19 ringgits.