KUALA LUMPUR: RAMUNIA HOLDINGS BHD [] net profit for the second quarter ended April 30, 2011 fell 58.7% to RM1.41from RM3.42 million a year earlier, due mainly to a reduction in revenue due to the tail end of remaining projects billings and lower operating income.
Revenue for the period fell to RM1.74 million from RM11.88 million in 2010. Earnings per share was 0.21 sen, while net assets per share was 25.3 sen.
For the six months ended April 30, Ramunia's net profit fell to RM2.51 million from RM19.83 million, while revenue dipped to RM3.09 million from RM27.74 million.
Commenting on its prospects, Ramunia said on Friday, June 17 that it continues to actively participate in bids for projects in the oil and gas and engineering businesses continues with focus on the fabrication of offshore oil and gas related structures.
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Revenue for the period fell to RM1.74 million from RM11.88 million in 2010. Earnings per share was 0.21 sen, while net assets per share was 25.3 sen.
For the six months ended April 30, Ramunia's net profit fell to RM2.51 million from RM19.83 million, while revenue dipped to RM3.09 million from RM27.74 million.
Commenting on its prospects, Ramunia said on Friday, June 17 that it continues to actively participate in bids for projects in the oil and gas and engineering businesses continues with focus on the fabrication of offshore oil and gas related structures.
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