KUALA LUMPUR: Costume jewellery and consumer products manufacturer Zhulian Corp Bhd's earnings fell 14.2% to RM21.30 million in the first quarter ended Nov 30, 2010 from RM24.84 million a year ago.
It said on Monday, April 18 that revenue was flat at RM86.22 million compared with RM86.33 million a year ago. Earnings per share were 4.78 sen compared with 5.42 sen.
The company reported cash and cash equivalent of RM133.14 million as at Nov 30, 2010.
'The revenue for the current quarter under review of RM86.223 million was higher than the immediate preceding quarter's revenue of RM84.896 million, mainly due to the increase in market demands for both local and overseas markets, offset by the increase in foreign currency loss.
'The current quarter's profit before tax of RM27.476 million has dropped as compared to the immediate preceding quarter's profit before tax of RM29.822 million, mainly due to the drop in gross profit margin as a result of strengthening of ringgit Malaysia against the US dollar,' it said.
It said on Monday, April 18 that revenue was flat at RM86.22 million compared with RM86.33 million a year ago. Earnings per share were 4.78 sen compared with 5.42 sen.
The company reported cash and cash equivalent of RM133.14 million as at Nov 30, 2010.
'The revenue for the current quarter under review of RM86.223 million was higher than the immediate preceding quarter's revenue of RM84.896 million, mainly due to the increase in market demands for both local and overseas markets, offset by the increase in foreign currency loss.
'The current quarter's profit before tax of RM27.476 million has dropped as compared to the immediate preceding quarter's profit before tax of RM29.822 million, mainly due to the drop in gross profit margin as a result of strengthening of ringgit Malaysia against the US dollar,' it said.
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