KUALA LUMPUR: RAMUNIA HOLDINGS BHD [] shares declined in early trade on Monday, June 20 after posting lower earnings in the second quarter ended April 30, 2011.
At 9.10am, Ramunia slipped 1.5 sen to 45.5 sen with 386,000 shares traded.
Its net profit fell 58.7% to RM1.41from RM3.42 million a year ago due mainly to a reduction in revenue due to the tail end of remaining projects billings and lower operating income.
Revenue fell to RM1.74 million from RM11.88 million in 2010. Earnings per share were 0.21 sen, while net assets per share were 25.3 sen.
At 9.10am, Ramunia slipped 1.5 sen to 45.5 sen with 386,000 shares traded.
Its net profit fell 58.7% to RM1.41from RM3.42 million a year ago due mainly to a reduction in revenue due to the tail end of remaining projects billings and lower operating income.
Revenue fell to RM1.74 million from RM11.88 million in 2010. Earnings per share were 0.21 sen, while net assets per share were 25.3 sen.
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