trending Market Intelligence /marketintelligence/en/news-insights/trending/vCdnNvarKlKhRcsWOv0qMw2 content esgSubNav
In This List

GPA Holdings fiscal Q1 loss widens YOY

The Cobalt Expansion Drive Is A Copper Story

Blog

IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


GPA Holdings fiscal Q1 loss widens YOY

GPA Holdings Bhd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 1.1 million ringgits, compared with a loss of 526,250 ringgits 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 2.5% from negative 1.3% in the year-earlier period.

Total revenue climbed 13.7% year over year to 44.4 million ringgits from 39.0 million ringgits, and total operating expenses rose 14.9% year over year to 47.2 million ringgits from 41.1 million ringgits.

Reported net income came to a loss of 1.8 million ringgits, or a loss of 0 sen per share, compared to a loss of 881,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of Aug. 28, US$1 was equivalent to 4.18 ringgits.