trending Market Intelligence /marketintelligence/en/news-insights/trending/uUp1B_TYsVmlseST2NeXtg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

San Teh swings to loss in Q3

COVID: What’s the bottom line: Credit Impact of COVID-19 on US Municipals

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year

Research

2021 Global Private Equity Outlook

Research

EMEA Deal-Making Muted in Q4 2020, With No Mega Deals in Sight


San Teh swings to loss in Q3

San Teh Ltd. said its normalized net income for the third quarter came to a loss of S$334,250, compared with income of S$1.3 million in the prior-year period.

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

The normalized profit margin fell to negative 9.0% from 21.4% in the year-earlier period.

Total revenue decreased 37.9% on an annual basis to S$3.7 million from S$6.0 million, and total operating expenses decreased 9.7% year over year to S$4.8 million from S$5.3 million.

Reported net income came to a loss of S$752,450, or a loss of 0 cents per share, compared to income of S$1.8 million, or 1 cents per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to S$1.41.