trending Market Intelligence /marketintelligence/en/news-insights/trending/XK1aOBD8bV_F3UGaP5c0dA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Hap Seng Plantations Q1 profit falls YOY

PODCAST

Episode 11: AI/ML maturity and pandemic effects‬

A room with a view: a non-tech explanation of containers and Kubernetes

Private equity TMT activity making comeback in Europe

Blog

LCD Monthly: Assessing the US loan market one year after the COVID-19 crash


Hap Seng Plantations Q1 profit falls YOY

Hap Seng Plantations Holdings Bhd. said its normalized net income for the first quarter amounted to 2 Malaysian sen per share, a decrease of 49.3% from 4 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.2 million ringgits, a decrease of 49.3% from 35.9 million ringgits in the year-earlier period.

The normalized profit margin dropped to 16.0% from 25.9% in the year-earlier period.

Total revenue declined 17.8% year over year to 113.8 million ringgits from 138.4 million ringgits, and total operating expenses increased on an annual basis to 84.7 million ringgits from 81.0 million ringgits.

Reported net income fell 49.1% year over year to 21.5 million ringgits, or 3 sen per share, from 42.2 million ringgits, or 5 sen per share.

As of May 25, US$1 was equivalent to 3.62 ringgits.