trending Market Intelligence /marketintelligence/en/news-insights/trending/uS7OBrdVnJZhKPwmq4OOow2 content esgSubNav
In This List

Berjaya Assets fiscal Q2 profit falls YOY

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills


Berjaya Assets fiscal Q2 profit falls YOY

Berjaya Assets Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 4.6 million ringgits, a fall of 81.9% from 25.6 million 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 2.5% from 24.1% in the year-earlier period.

Total revenue declined 9.3% on an annual basis to 96.2 million ringgits from 106.1 million ringgits, and total operating expenses fell 11.0% year over year to 73.8 million ringgits from 83.0 million ringgits.

Reported net income declined 95.0% year over year to 2.0 million ringgits, or 0 sen per share, from 40.5 million ringgits, or 2 sen per share.

As of Feb. 22, US$1 was equivalent to 4.19 ringgits.