KUALA LUMPUR: ADVENTA BHD [] shares declined in early trade on Friday, April 1 after its net profit for the first quarter ended Jan 31, 2011 fell by 55.6% to RM4.05 million from RM9.35 million a year earlier due to historical high material cost and the price adjustment lag based on previous month/previous quarter cost index.
At 9.15am, Adventa was down two sen to RM2.38 with 59,000 shares done.
Revenue for the quarter however rose to RM106.19 million from RM76.64 million in 2010. Earnings per share was 2.65 sen while net assets per share was RM1.42.
Reviewing its performance, Adventa said on Thursday, March 31 that the current year challenge was to manage the changing preference and buying pattern of the market.
At 9.15am, Adventa was down two sen to RM2.38 with 59,000 shares done.
Revenue for the quarter however rose to RM106.19 million from RM76.64 million in 2010. Earnings per share was 2.65 sen while net assets per share was RM1.42.
Reviewing its performance, Adventa said on Thursday, March 31 that the current year challenge was to manage the changing preference and buying pattern of the market.
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