KUALA LUMPUR: Shares of KNM GROUP BHD [] fell 16 sen to RM2.67 on Thursday, Feb 24 after it reported lower earnings of RM131.21 million in FY ended Dec 31, 2010 compared with RM260.55 million in FY09.
At 9.55am, it was down 16 sen to RM2.67 with 3.52 million shares done.
The FBM KLCI fell 4.21 points to 1,506.90. Turnover was 343.94 million shares done valued at RM221.86 million. Losers beat gainers 376 to 104 while 144 stocks were unchanged.
KNM announced on Wednesday it achieved revenue of RM1.56 billion, profit after tax and minority interest of RM131.20 million and EBITDA (earning before interest, tax, depreciation and amortisation) of RM199.37 million for FY10.
'Compared to the previous year, the lower performance in this year was due to lower job orders, lower contribution margins and higher operating costs,' it said.
The financial performance was also weaker compared with the third quarter ended Sept 30, 2010.
When compared with 3Q, KNM said the 4Q revenue of RM384.23 million and net profit before taxation and minority interest of RM6.87 million were lower by RM34.13 million and RM34.16 million'' compared to third quarter's revenue of RM418.36 million and net profit before taxation and minority interest of RM41.03 million respectively.
The lower revenue and profit for 4Q were mainly due to lower production achieved for the quarter and higher operating costs.
At 9.55am, it was down 16 sen to RM2.67 with 3.52 million shares done.
The FBM KLCI fell 4.21 points to 1,506.90. Turnover was 343.94 million shares done valued at RM221.86 million. Losers beat gainers 376 to 104 while 144 stocks were unchanged.
KNM announced on Wednesday it achieved revenue of RM1.56 billion, profit after tax and minority interest of RM131.20 million and EBITDA (earning before interest, tax, depreciation and amortisation) of RM199.37 million for FY10.
'Compared to the previous year, the lower performance in this year was due to lower job orders, lower contribution margins and higher operating costs,' it said.
The financial performance was also weaker compared with the third quarter ended Sept 30, 2010.
When compared with 3Q, KNM said the 4Q revenue of RM384.23 million and net profit before taxation and minority interest of RM6.87 million were lower by RM34.13 million and RM34.16 million'' compared to third quarter's revenue of RM418.36 million and net profit before taxation and minority interest of RM41.03 million respectively.
The lower revenue and profit for 4Q were mainly due to lower production achieved for the quarter and higher operating costs.
No comments:
Post a Comment