Wednesday, April 27, 2011

RedTone sees 15m shares crossed at 20c each

KUALA LUMPUR: REDTONE INTERNATIONAL BHD [] saw 15 million of its shares crossed in an off-market deal at an average price of 20 sen each on Wednesday, April 27.

At4.39pm, its shares were unchanged at 20.5 sen. There were 5.74 million shares done at prices ranging from 19.5 sen to 20.5 sen.

On Tuesday, it announced losses of RM1.928 million in the third quarter ended Feb 28, 2011 compared with net profit of RM656,000 a year ago. Its revenue was RM20.95 million versus RM20.29 million a year ago.

For the nine-months period ended Feb 28,2011, it reported losses of RM3.71 million compared with net profit of RM3.424 million a year ago.

REDtone core activities are telecommunications and business communication services. It offers high-speed broadband access and data services.

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