trending Market Intelligence /marketintelligence/en/news-insights/trending/wy7JJVwQjMshjJQL8Yx2NQ2 content esgSubNav
In This List

Diversified Gateway Solutions fiscal Q3 profit falls YOY

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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Diversified Gateway Solutions fiscal Q3 profit falls YOY

Diversified Gateway Solutions Berhad said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 614,130 ringgits, a decrease of 75.0% from 2.5 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 6.2% from 7.3% in the year-earlier period.

Total revenue declined 38.9% on an annual basis to 20.6 million ringgits from 33.8 million ringgits, and total operating expenses decreased 34.6% on an annual basis to 19.3 million ringgits from 29.5 million ringgits.

Reported net income declined 56.5% from the prior-year period to 1.3 million ringgits, or 0 sen per share, from 3.0 million ringgits, or 0 sen per share.

As of Feb. 23, US$1 was equivalent to 4.22 ringgits.