KUALA LUMPUR: KNM GROUP BHD [] fell 11.3% in afternoon trade on Thursday, Feb 24 after reporting a weaker set of financial results while the FBM KLCI declined further on selling of banks and PLANTATION []s.
At 3.11pm, the FBM KLCI fell 8.38 points to 1,502.73. Turnover was 1.2 billion shares valued at RM1.35 billion. Declining stocks beat advancers 697 to 128 while 187 stocks were unchanged.
KNM fell 32 sen to RM2.51 with 25.30 million shares done. It reported lower earnings of RM131.21 million in FY ended Dec 31, 2010 compared with RM260.55 million in FY09.
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.
Among plantations-based stocks, Kulim fell 27 sen to RM3.70 after its share split, bonus issue went ex on Wednesday. Batu Kawan lost 20 sen to RM15.76 and Tradewinds Plantations 18 sen to RM3.07.
SP Setia lost 26 sen to RM5.84, IJM 24 sen to RM6.01, YTL 20 sen to RM7.20 and Tradewinds 19 sen to RM7.71.
At 3.11pm, the FBM KLCI fell 8.38 points to 1,502.73. Turnover was 1.2 billion shares valued at RM1.35 billion. Declining stocks beat advancers 697 to 128 while 187 stocks were unchanged.
KNM fell 32 sen to RM2.51 with 25.30 million shares done. It reported lower earnings of RM131.21 million in FY ended Dec 31, 2010 compared with RM260.55 million in FY09.
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.
Among plantations-based stocks, Kulim fell 27 sen to RM3.70 after its share split, bonus issue went ex on Wednesday. Batu Kawan lost 20 sen to RM15.76 and Tradewinds Plantations 18 sen to RM3.07.
SP Setia lost 26 sen to RM5.84, IJM 24 sen to RM6.01, YTL 20 sen to RM7.20 and Tradewinds 19 sen to RM7.71.
No comments:
Post a Comment