Attributable profit vs net profit

Net profits of manufacturing companies surged by 50.2 percent during 2021-22, the input cost pressures notwithstanding, the Reserve Bank of India said on Friday. Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level, it said. The data on the performance of the private corporate sector during 2021-22 drawn from abridged financial results of 3,166 listed non-government non-financial (NGNF) companies. Operating profit margins remained healthy for all the three sectors. Net profit margins remained stable for manufacturing and IT companies, whereas it remained in the negative terrain for non-IT services companies. The data further showed that private corporate sales and profitability recorded healthy growth in during 2021-22 as the effects of the Covid-19 pandemic subsided and economic activities recovered, especially in the second half of the year. "Sales of 1,865 listed private … [Read more...] about Manufacturing companies see 50.2% surge in FY22 net profit despite costly raw materials

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × State Bank of India (SBI) is likely to report strong performance for the quarter ended March 2022 when it will declare its results on May 11. Experts expect India’s largest banker to report a robust on-year growth of 50 percent for the quarter and expect its net interest income (NII) to increase 16 percent over the same period last year. According to a poll of four brokerages conducted by Moneycontrol , SBI is likely to post a net profit of Rs 10,075 crore for the quarter ended March 2022 on a NII of Rs 31,360 crore. The bank had registered a PAT of Rs 6,451 crore during the corresponding period last year with NII coming in at Rs 27,067 crore. The profit during the October – December period stood at Rs 8,432 crore when the bank had registered a NII of Rs 30,687 crore. Close … [Read more...] about State Bank of India Q4 Results Preview | Profit may surge 50% on healthy loan growth, asset quality

- A + A KUALA LUMPUR (June 27): Financially troubled Sapura Energy Bhd returned to the black in the first quarter ended April 30, 2022 (1QFY23) with a net profit of RM91.93 million, on the back of foreign exchange gains arising from the appreciation of the US dollar against the ringgit. In the preceding quarter, it had posted its biggest ever net loss of RM6.78 billion. In the same period last year, Sapura Enery had posted a net loss of RM97.08 million. In a Bursa Malaysia filing on Monday (June 27), the oil and gas service provider said its quarterly revenue, however, declined by 39.75% to RM886.08 million against RM1.47 billion in the year-ago corresponding period, due to lower project activities from its engineering and procurement (E&C) segment. Earnings per share for the quarter amounted to 0.58 sen, from losses per share of 0.61 sen. On a quarterly basis, revenue more than doubled from RM426.60 million in 4QFY22. Sapura Energy said that it continues … [Read more...] about Sapura Energy returns to black in 1Q with net profit of RM91.93 mil on forex gains

- A + A KUALA LUMPUR (June 27): Costlier crude oil along with a stronger US dollar will erode Spritzer's Bhd profit margin, the bottled water producer admitted. "Costlier oil will translate into costlier PET resin, which is the main raw material used in making the [plastic] bottles. "PET resin is normally quoted in US dollar so a stronger US dollar would mean we will have to pay more for our PET resin," a company representative said in a brief email reply to theedgemarkets.com recently, when asked about the impact of surging oil prices on its manufacturing costs. According to the US-based PET Resin Association, PET — which is short for polyethylene terephthalate, the chemical name for polyester — is a clear, strong, and lightweight plastic made from crude oil and ethane extracted from natural gas that is widely used for packaging food and beverages, especially convenience-sized soft drinks, juices and water. Following Russia's incursion into Ukraine, oil prices … [Read more...] about Spritzer admits costlier crude oil, stronger US dollar will erode its profit margin

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards

This article first appeared in The Edge Financial Daily, on April 21, 2020 . - A + A Rubberex Corp (M) Bhd (+ve) Rubberex shares closed up five sen or 4.63% at RM1.13. Some 27.47 million shares were traded, over 16 times the counter’s 200-day average volume of 1.7 million shares. For the fourth quarter ended Dec 31, 2019, Rubberex posted a net profit of RM3.88 million, up 5% from RM3.69 million a year ago, due to favourable glove selling prices and higher profit margins. Quarterly revenue jumped 38% to RM54.64 million from RM39.52 million. For the full financial year 2019, its net profit grew by 31% to RM11.35 million from RM8.69 million as revenue increased 9% to RM222.97 million from RM205.24 million. Rubberex manufactures household and general-purpose gloves, industrial gloves and nitrile disposable gloves for exports. It has a production facility in Bercham, Ipoh. … [Read more...] about Stock With Momentum: Rubberex Corp (M)

This article first appeared in The Edge Financial Daily, on April 16, 2020 . - A + A Solid Automotive Bhd (-ve) TRADING of shares in Solid Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the seventh time this year. The last time the counter triggered our momentum algorithm was last Friday. Solid Automotive shares closed 6.56% or two sen lower at 28.5 sen. Some 6.06 million shares were traded, more than four times the counter’s 200-day average trading volume of 1.36 million shares. Solid Automotive’s net profit for the second quarter ended Oct 31, 2019 fell to RM112,000 from RM715,000 a year earlier, due to higher operating expenses, though revenue doubled to RM72.03 million from RM35.86 million. For the cumulative six months ended Oct 31, 2019, the group’s net profit rose 28% to RM1.09 million from RM851,000, while revenue more than doubled to RM137.08 million from RM65.36 million. Solid … [Read more...] about Stock With Momentum: Solid Automotive

This article first appeared in The Edge Financial Daily, on April 21, 2020 . - A + A SOLID Automotive Bhd (-ve) Solid Automotive shares closed unchanged at 31.5 sen. Some 6.17 million shares were traded, over four times the counter’s 200-day average volume of 1.45 million shares. Solid Automotive’s net profit for the second quarter ended Oct 31, 2019 fell to RM112,000, from RM715,000 a year earlier, no thanks to higher operating expenses, though revenue doubled to RM72.03 million from RM35.86 million. For the cumulative six months ended Oct 31, 2019, the group’s net profit rose 28% to RM1.09 million from RM851,000, while revenue more than doubled to RM137.08 million from RM65.36 million. Solid Automotive is involved in the trading of automotive electrical parts and components. It is the sole distributor of automotive electrical parts under the Lucas brand. … [Read more...] about Stock With Momentum: SOLID Automotive