trending Market Intelligence /marketintelligence/en/news-insights/trending/VxMe3d14L4ispNic-OvDhg2 content esgSubNav
In This List

Borneo Aqua Harvest fiscal Q1 loss narrows YOY

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Podcast

Next in Tech | Episode 66: Connected vehicles in transition


Borneo Aqua Harvest fiscal Q1 loss narrows YOY

Borneo Aqua Harvest Berhad said its normalized net income for the fiscal first quarter ended June 30 was a loss of 507,500 ringgits, compared with a loss of 1.1 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 increased to negative 15.4% from negative 51.6% in the year-earlier period.

Total revenue grew 49.6% year over year to 3.3 million ringgits from 2.2 million ringgits, and total operating expenses increased from the prior-year period to 3.9 million ringgits from 3.7 million ringgits.

Reported net income came to a loss of 812,000 ringgits, or a loss of 0 sen per share, compared to a loss of 1.8 million ringgits, or a loss of 0 sen per share, in the prior-year period.

As of Aug. 27, US$1 was equivalent to 4.19 ringgits.