KUALA LUMPUR: Shares of Gadang Bhd fell in early trade after it posted losses of RM3.61 million in the second quarter ended Nov 30, 2010.
At 9.04am, it was down three sen to 76.5 sen with 758,300 shares done while the warrants, Gadang-WA lost two sen to 41 sen.
The FBM KLCI rose 2.35 points to 1,529.31. Turnover was 60.24 million shares valued at RM3e5.66 million. There were 137 gainers, 22 losers and 79 counters unchanged.
On Thursday, Gadang reported losses of RM3.61 million compared with net profit of RM3.42 million a year ago. Revenue was higher at RM120.56 million versus RM62.37 million.
The losses were due to lower margin recognised by the CONSTRUCTION [] division. The group also recorded non-recurrent orher operating expenses consisting of bad and doubtful detbts and impairment of goodwill of RM10.26 million.
At 9.04am, it was down three sen to 76.5 sen with 758,300 shares done while the warrants, Gadang-WA lost two sen to 41 sen.
The FBM KLCI rose 2.35 points to 1,529.31. Turnover was 60.24 million shares valued at RM3e5.66 million. There were 137 gainers, 22 losers and 79 counters unchanged.
On Thursday, Gadang reported losses of RM3.61 million compared with net profit of RM3.42 million a year ago. Revenue was higher at RM120.56 million versus RM62.37 million.
The losses were due to lower margin recognised by the CONSTRUCTION [] division. The group also recorded non-recurrent orher operating expenses consisting of bad and doubtful detbts and impairment of goodwill of RM10.26 million.
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