trending Market Intelligence /marketintelligence/en/news-insights/trending/zPILSpqXbdmxPcluFnuuhg2 content esgSubNav
In This List

Oriental Food Industries fiscal Q1 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


Oriental Food Industries fiscal Q1 profit falls YOY

Oriental Food Industries Holdings Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 1 Malaysian sen per share, a decrease of 17.4% from 1 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 2.6 million ringgits, a decrease of 17.4% from 3.2 million ringgits in the year-earlier period.

The normalized profit margin dropped to 4.3% from 5.8% in the year-earlier period.

Total revenue climbed 12.2% on an annual basis to 60.6 million ringgits from 54.0 million ringgits, and total operating expenses climbed 15.3% on an annual basis to 56.3 million ringgits from 48.8 million ringgits.

Reported net income declined 20.2% from the prior-year period to 3.2 million ringgits, or 1 sen per share, from 4.1 million ringgits, or 2 sen per share.

As of Aug. 28, US$1 was equivalent to 3.15 ringgits.