trending Market Intelligence /marketintelligence/en/news-insights/trending/wKZpS3BtqeUGxmvzQTLQgw2 content esgSubNav
In This List

Kay & Que swings to profit in Q1

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Kay & Que swings to profit in Q1

Kay & Que (Bangladesh) Ltd. said its first-quarter normalized net income was 7 poisha per share, compared with a loss of 13 poisha per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 312,500 taka, compared with a loss of 639,380 taka in the prior-year period.

The normalized profit margin rose to 1.2% from negative 2.6% in the year-earlier period.

Total revenue rose 9.1% year over year to 27.2 million taka from 24.9 million taka, and total operating expenses decreased from the prior-year period to 24.4 million taka from 24.7 million taka.

Reported net income totaled 325,000 taka, or 7 poisha per share, compared to a loss of 1.1 million taka, or a loss of 23 poisha per share, in the year-earlier period.

As of April 15, US$1 was equivalent to 77.75 taka.