trending Market Intelligence /marketintelligence/en/news-insights/trending/VLJnElNsW-9QNeYPVMPH8A2 content esgSubNav
In This List

CAB Cakaran fiscal Q2 profit falls YOY


Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire


The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges


A Sustainability Framework for Customer and Supplier Credit Risk Management


Lithium Import

CAB Cakaran fiscal Q2 profit falls YOY

CAB Cakaran Corp. Bhd. said its normalized net income for the fiscal second quarter ended March 31 was 2.2 million ringgits, a fall of 36.1% from 3.4 million 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 dropped to 1.0% from 2.1% in the year-earlier period.

Total revenue increased 27.2% year over year to 208.5 million ringgits from 163.9 million ringgits, and total operating expenses rose 28.7% year over year to 201.9 million ringgits from 156.8 million ringgits.

Reported net income declined 23.3% on an annual basis to 2.5 million ringgits, or 1 sen per share, from 3.3 million ringgits, or 1 sen per share.

As of May 26, US$1 was equivalent to 3.64 ringgits.