trending Market Intelligence /marketintelligence/en/news-insights/trending/uHcAUSlQnR6EBq5pcWJl6A2 content esgSubNav
In This List

Raffles Education 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


Raffles Education fiscal Q2 profit falls YOY

Raffles Education Corp. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to S$938,500, a fall of 80.5% from S$4.8 million 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 3.1% from 13.1% in the year-earlier period.

Total revenue decreased 18.2% year over year to S$30.0 million from S$36.6 million, and total operating expenses decreased on an annual basis to S$28.2 million from S$28.8 million.

Reported net income decreased 92.7% year over year to S$406,480, or 0 cents per share, from S$5.5 million, or 1 cents per share.

As of Feb. 12, US$1 was equivalent to S$1.36.