KUALA LUMPUR: CYCLE & CARRIAGE BINTANG BHD []'s (CCB) share price fell on Monday, July 26 after the company reported a net profit of RM5.88 million in the second quarter (2Q) ended June 30, 2010, down 46% from the RM10.89 million a year earlier when there was a one-off refund on duties.
At 9.42am, CCB tumbled 32 sen to RM5.82 with 152,200 shares traded.
Last week, the company, which sells Mercedes Benz automobiles, said its revenue in 2Q rose 30% to RM161.02 million from RM123.8 million, while basic earnings per share (EPS) fell to 5.84 sen from 10.82 sen. It declared an interim dividend of five sen per share.
For the first half, net profit fell 19% to RM12.63 million from RM15.51 million a year earlier, while revenue rose 29% to RM307.67 million from RM239.12 million. EPS fell to 12.54 sen from 15.4 sen.
At 9.42am, CCB tumbled 32 sen to RM5.82 with 152,200 shares traded.
Last week, the company, which sells Mercedes Benz automobiles, said its revenue in 2Q rose 30% to RM161.02 million from RM123.8 million, while basic earnings per share (EPS) fell to 5.84 sen from 10.82 sen. It declared an interim dividend of five sen per share.
For the first half, net profit fell 19% to RM12.63 million from RM15.51 million a year earlier, while revenue rose 29% to RM307.67 million from RM239.12 million. EPS fell to 12.54 sen from 15.4 sen.
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