trending Market Intelligence /marketintelligence/en/news-insights/trending/Vz66pXdaet5IoON0uqWvxw2 content esgSubNav
In This List

Solid Automotive fiscal Q3 profit falls YOY


Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


2023 Big Picture: US Consumer Survey Results


Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise

Solid Automotive fiscal Q3 profit falls YOY

Solid Automotive Bhd. said its normalized net income for the fiscal third quarter ended Jan. 31 came to 1.4 million ringgits, a decline of 29.7% from 2.0 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 fell to 4.6% from 5.8% in the year-earlier period.

Total revenue decreased 12.0% year over year to 30.2 million ringgits from 34.3 million ringgits, and total operating expenses decreased 9.8% year over year to 27.9 million ringgits from 30.9 million ringgits.

Reported net income fell 40.7% year over year to 1.3 million ringgits, or 0 sen per share, from 2.2 million ringgits, or 1 sen per share.

As of March 30, US$1 was equivalent to 3.92 ringgits.