Monday, August 15, 2011

BHIC dips after 2Q net profit falls

KUALA LUMPUR: BOUSTEAD HEAVY INDUSTRIES CORP []oration Bhd's shares retreated on Monday, Aug 15 after its net profit for the second quarter ended June 30, 2011 fell to RM1.39 million from RM15.8 million earlier due to escalation in costs to complete its current projects.

At 9.25am, BHIC fell 11 sen to RM3.15 with 23,000 shares traded.

Its revenue for the quarter rose to RM120.76 million from RM104.47 million. Earnings per share were 0.56 sen while net assets per share was RM1.71.

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