trending Market Intelligence /marketintelligence/en/news-insights/trending/vxpIaSsAQQsajQTfZpW4bQ2 content esgSubNav
In This List

Ni Hsin Resources swings to loss in Q2

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


Ni Hsin Resources swings to loss in Q2

Ni Hsin Resources Bhd. said its normalized net income for the second quarter was a loss of 3.0 million ringgits, compared with income of 321,250 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 declined to negative 28.6% from 2.5% in the year-earlier period.

Total revenue fell 18.0% year over year to 10.5 million ringgits from 12.9 million ringgits, and total operating expenses rose 25.3% year over year to 15.5 million ringgits from 12.3 million ringgits.

Reported net income totaled a loss of 5.0 million ringgits, or a loss of 2 sen per share, compared to income of 358,910 ringgits, or 0 sen per share, in the prior-year period.

As of Aug. 24, US$1 was equivalent to 4.04 ringgits.