trending Market Intelligence /marketintelligence/en/news-insights/trending/urhf4gvS9qnv8OGs-ZxoBQ2 content esgSubNav
In This List

EKA Noodles Q1 loss widens YOY

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


EKA Noodles Q1 loss widens YOY

EKA Noodles Bhd. said its normalized net income for the first quarter was a loss of 380,000 ringgits, compared with a loss of 30,630 ringgits in the year-earlier period.

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

The normalized profit margin declined to negative 3.7% from negative 0.1% in the year-earlier period.

Total revenue decreased 53.8% on an annual basis to 10.3 million ringgits from 22.3 million ringgits, and total operating expenses fell 52.4% on an annual basis to 9.9 million ringgits from 20.8 million ringgits.

Reported net income totaled a loss of 608,000 ringgits, or a loss of 0 sen per share, compared to a loss of 55,000 ringgits, or a loss of 0 sen per share, in the prior-year period.

As of May 30, US$1 was equivalent to 4.11 ringgits.