trending Market Intelligence /marketintelligence/en/news-insights/trending/WXs2kWKjegQWAf5--myxXw2 content esgSubNav
In This List

San Teh swings to profit in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


San Teh swings to profit in Q1

San Teh Ltd. said its normalized net income for the first quarter came to S$799,880, compared with a loss of S$1.9 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 13.1% from negative 21.0% in the year-earlier period.

Total revenue fell 23.2% year over year to S$6.8 million from S$8.9 million, and total operating expenses fell 29.4% from the prior-year period to S$7.6 million from S$10.7 million.

Reported net income came to S$1.2 million, or 0 cents per share, compared to a loss of S$3.1 million, or a loss of 1 cents per share, in the year-earlier period.

As of April 30, US$1 was equivalent to S$1.32.