IN BRIEF: Hidong Estate interim profit triples as admin costs drop
25th Oct 2024 15:53
Hidong Estate PLC - George Town, Malaysia-headquartered investment company - Pretax profit for the six months that ended September 30 is MYR95,855, or GBP16,993, more than tripling from MYR31,739, or GBP5,627, the year before. This is primarily driven by administrative expenses falling 54% to MYR43,586, or GBP7,727, from MYR95,964, or GBP17,013. Net income during the six-month period grew 9.2% to MYR139,441, or GBP24,720, from MYR127,703, or GBP22,639. The company swings to a fair value gain on investments of MYR74,745, or GBP13,258, from a loss of MYR1,129, or GBP200, the year before. Hidong Estate did not declare an interim dividend, unchanged from last year. Read More