trending Market Intelligence /marketintelligence/en/news-insights/trending/Y4y4AmgeNEu91ACOiD_WjA2 content esgSubNav
In This List

DeGem Q3 profit falls YOY

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


European banking sector outlook 2023


No disruption on the road to digitization

DeGem Q3 profit falls YOY

DeGem Berhad said its normalized net income for the third quarter was 140,880 ringgits, a fall of 95.7% from 3.3 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 0.3% from 5.8% in the year-earlier period.

Total revenue declined 28.8% on an annual basis to 40.9 million ringgits from 57.4 million ringgits, and total operating expenses fell 22.0% on an annual basis to 40.4 million ringgits from 51.8 million ringgits.

Reported net income declined 96.4% on an annual basis to 127,000 ringgits, or 0 sen per share, from 3.5 million ringgits, or 3 sen per share.

As of Nov. 17, US$1 was equivalent to 4.39 ringgits.