trending Market Intelligence /marketintelligence/en/news-insights/trending/vrbfNAW9w4uqSKeikZa_Vg2 content esgSubNav
In This List

Astral Asia Q1 loss narrows YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Astral Asia Q1 loss narrows YOY

Astral Asia Berhad said its normalized net income for the first quarter came to a loss of 1.2 million ringgits, compared with a loss of 1.3 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 increased to negative 21.0% from negative 27.9% in the year-earlier period.

Total revenue rose 23.5% on an annual basis to 5.6 million ringgits from 4.5 million ringgits, and total operating expenses grew 15.8% year over year to 7.6 million ringgits from 6.6 million ringgits.

Reported net income came to a loss of 2.3 million ringgits, or a loss of 0 sen per share, compared to a loss of 2.2 million ringgits, or a loss of 0 sen per share, in the prior-year period.

As of May 19, US$1 was equivalent to 4.09 ringgits.