KUALA LUMPUR: EKOVEST BHD [] is the top loser in late afternoon trade on Wednesday, March 2 after it announced weaker earnings in the fourth quarter and for the financial year ended Dec 31, 2010.
At 3.27pm, Ekovest is down 36 sen to RM3.46 with 1.027 million shares done.
The FBM KLCI fell 7.09 points to 1,495.15. Turnover was 914.80 million shares valued at RM986.023 million. Losers battered gainers 778 to 77 while 194 stocks were unchanged.
Ekovest reported net profit of RM1.57 million in the fourth quarter compared with RM1.71 million a year ago. For FY10, its earnings fell to RM2.58 million from RM3.80 million.
The share price had surged from RM1.99 from end-2010 to close at RM3.98 on Feb 10. The run-up in the share price was linked to market talk which was later confirmed about it securing projects.
Ekovest had on Feb 23 said the federal government had issued to Ekovest Bhd-MRCB JV its intention to obtain their services as the project deliver partner for the River of Life project (ROLP).
It is an Entry Point Project (EPP) identified in the Greater Kuala Lumpur/Klang Valley National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP) of Malaysia.
At 3.27pm, Ekovest is down 36 sen to RM3.46 with 1.027 million shares done.
The FBM KLCI fell 7.09 points to 1,495.15. Turnover was 914.80 million shares valued at RM986.023 million. Losers battered gainers 778 to 77 while 194 stocks were unchanged.
Ekovest reported net profit of RM1.57 million in the fourth quarter compared with RM1.71 million a year ago. For FY10, its earnings fell to RM2.58 million from RM3.80 million.
The share price had surged from RM1.99 from end-2010 to close at RM3.98 on Feb 10. The run-up in the share price was linked to market talk which was later confirmed about it securing projects.
Ekovest had on Feb 23 said the federal government had issued to Ekovest Bhd-MRCB JV its intention to obtain their services as the project deliver partner for the River of Life project (ROLP).
It is an Entry Point Project (EPP) identified in the Greater Kuala Lumpur/Klang Valley National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP) of Malaysia.
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