trending Market Intelligence /marketintelligence/en/news-insights/trending/yCqaf8v-QLaJHmkhklBdkQ2 content esgSubNav
In This List

Kim Loong Resources fiscal Q3 profit climbs 8.5% 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


Kim Loong Resources fiscal Q3 profit climbs 8.5% YOY

Kim Loong Resources Bhd. said its normalized net income for the fiscal third quarter ended Oct. 31 was 4 Malaysian sen per share, an increase of 8.0% from 4 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.1 million ringgits, a gain of 8.5% from 12.1 million ringgits in the year-earlier period.

The normalized profit margin dropped to 7.3% from 7.4% in the year-earlier period.

Total revenue climbed 9.6% on an annual basis to 179.4 million ringgits from 163.7 million ringgits, and total operating expenses climbed 11.7% year over year to 158.4 million ringgits from 141.8 million ringgits.

Reported net income fell year over year to 15.2 million ringgits, or 5 sen per share, from 15.7 million ringgits, or 5 sen per share.

As of Dec. 31, US$1 was equivalent to 3.50 ringgits.