Tuesday, June 8, 2010

Kenmark suspended until further notice

KUALA LUMPUR: Trading in the shares of Kenmark Industrial Co (M) Bhd has been suspended from Tuesday, June 8 until further notice, Bursa Malaysia Securities said.

It said the suspension came into effect at 9am on Tuesday "until further notice pending clarification on the said company's quarterly results".

On Monday, Kenmark announced net loss of RM146.52 million in its fourth quarter ended March 31, 2010 following provision for doubtful debts.

The company said it was afffected by lower sales with provision for doubtful debts and impairment provision on assets of certain subsidiaries.

In the previous corresponding quarter, net loss was only RM84,000.

For the just ended fourth quarter, revenue was RM18.76 million compared with RM38.77 million a year ago.

Loss per share was 0.82 sen verus 0.05 sen. Its net assets per share was 88 sen.

For the FY ended March 31, net loss was RM137.02 million versus net profit of RM4.05 million a year ago. Revenue fell to RM213.22 million compared with RM250.93 million.

No comments:

Post a Comment