trending Market Intelligence /marketintelligence/en/news-insights/trending/zUsp8NWPMWLWZ63KIdJGeA2 content esgSubNav
In This List

Kuantan Flour Mills swings to profit in fiscal Q1

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


Kuantan Flour Mills swings to profit in fiscal Q1

Kuantan Flour Mills Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 305,000 ringgits, compared with a loss of 920,630 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 increased to 3.1% from negative 8.4% in the year-earlier period.

Total revenue fell 11.6% year over year to 9.7 million ringgits from 11.0 million ringgits, and total operating expenses fell 9.6% from the prior-year period to 11.2 million ringgits from 12.4 million ringgits.

Reported net income came to 488,000 ringgits, or 1 sen per share, compared to a loss of 1.5 million ringgits, or a loss of 2 sen per share, in the prior-year period.

As of Aug. 26, US$1 was equivalent to 3.16 ringgits.