trending Market Intelligence /marketintelligence/en/news-insights/trending/zrt5tkFF6m3fQuPHUSxhAw2 content esgSubNav
In This List

Tan Chong Motor swings to loss in Q1

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Podcast

Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...


Tan Chong Motor swings to loss in Q1

Tan Chong Motor Holdings Berhad said its normalized net income for the first quarter was a loss of 3 Malaysian sen per share, compared with 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 a loss of 22.3 million ringgits, compared with income of 27.0 million ringgits in the prior-year period.

The normalized profit margin declined to negative 1.6% from 1.7% in the year-earlier period.

Total revenue fell 6.6% on an annual basis to 1.47 billion ringgits from 1.57 billion ringgits, and total operating expenses fell on an annual basis to 1.46 billion ringgits from 1.52 billion ringgits.

Reported net income totaled a loss of 37.2 million ringgits, or a loss of 6 sen per share, compared to income of 26.3 million ringgits, or 4 sen per share, in the year-earlier period.

As of May 10, US$1 was equivalent to 4.05 ringgits.