Tuesday, December 13, 2011

Ramunia 4Q net profit RM112,000, absence of writeback

KUALA LUMPUR (Dec 13): RAMUNIA HOLDINGS BHD [] posted net profit of RM112,000 in the fourth quarter ended Oct 31, 2011 compared with RM30.36 million when there was a one-time writeback from a previously concluded scheme of arrangement.

It said on Tuesday that its revenue was RM15.67 million compared with only RM992,000 a year ago. Its earnings per share were 0.02 sen compared with 4.91 sen.

For the financial year ended Oct 31, 2011, its net profit plunged to RM4.66 million from RM65.78 million in the previous financial year. Its revenue fell 45.6% to RM18.95 million from RM34.86 million.

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