Bursa Alert
Global Market
NewsKPS 1Q profit falls 61% on lower revenue, higher operating expenses
Page 1 of 1
KPS 1Q profit falls 61% on lower revenue, higher operating expenses
by Cals Tue 27 May 2014, 00:40
| KPS 1Q profit falls 61% on lower revenue, higher operating expenses |
| Business & Markets 2014 |
| Written by Written by Chong Jin Hun of theedgemalaysia.com |
| Monday, 26 May 2014 13:01 KUALA LUMPUR (May 26): KPS Consortium Bhd's net profit fell 61% to RM1.7 million in the first quarter ended March 31, 2014 from RM4.4 million a year earlier. Bottom line fell on lower revenue and higher operating expenses. In a statement to the exchange today, paper products and building materials firm KPS said revenue declined to RM104.2 million from RM128.9 million. "The 1st quarter revenue was lower than previous corresponding year generally due to slower demand from furniture and construction industries for the building materials division," KPS said. KPS' income statement shows that the company's higher distribution and administrative expenses had curbed its bottom line. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» CIMB Thai's 1Q net profit jumps 151% on higher net interest income, lower operating expenses
» Highlight TSH 3Q core operating profit rises 16.2% to RM41m, revenue higher at RM247m
» Higher operating expenses erodes Pos Malaysia's 1Q earnings
» ECS ICT posts lower 1Q profit on higher revenue
» Flash MHB 2Q net profit falls 14% yoy to RM47.5m on lower revenue
» Highlight TSH 3Q core operating profit rises 16.2% to RM41m, revenue higher at RM247m
» Higher operating expenses erodes Pos Malaysia's 1Q earnings
» ECS ICT posts lower 1Q profit on higher revenue
» Flash MHB 2Q net profit falls 14% yoy to RM47.5m on lower revenue
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|