trending Market Intelligence /marketintelligence/en/news-insights/trending/ujZPyLIyQ12aST5_XjHlOA2 content esgSubNav
In This List

Cocoaland Holdings Q1 profit climbs YOY


Volume of Investment Research Reports on Inflation Increased in Q4 2021


Next in Tech | Episode 48: The everything that is Industrial IoT


TCFD Reporting in Singapore


Plant upgrades and extensions drive 2025 cable capex forecast

Cocoaland Holdings Q1 profit climbs YOY

Cocoaland Holdings Bhd. said its normalized net income for the first quarter amounted to 3 Malaysian sen per share, a gain from 1 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 6.6 million ringgits, a gain from 2.9 million ringgits in the year-earlier period.

The normalized profit margin rose to 9.8% from 4.9% in the year-earlier period.

Total revenue rose 14.3% on an annual basis to 67.7 million ringgits from 59.3 million ringgits, and total operating expenses climbed 5.5% on an annual basis to 58.1 million ringgits from 55.1 million ringgits.

Reported net income increased year over year to 8.0 million ringgits, or 4 sen per share, from 3.4 million ringgits, or 1 sen per share.

As of May 25, US$1 was equivalent to 3.62 ringgits.