Bursa Alert
Global Market
NewsHot Stock Teo Seng falls 6.9% on weaker 2Q earnings
Page 1 of 1
Hot Stock Teo Seng falls 6.9% on weaker 2Q earnings
by Cals Wed 05 Aug 2015, 21:12
Hot Stock
Teo Seng falls 6.9% on weaker 2Q earnings
KUALA LUMPUR (Aug 5): Shares of poultry farming group Teo Seng Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 6.92% after its second quarter ended June 30, 2015 (2QFY15)’s net profit declined 24.43% to RM7.27 million or 2.56 sen per share, against RM9.62 million or 4.81 sen per share a year ago, on higher operating expenses.
At 9.28am, Teo Seng lost 11 sen to RM1.48 with 6.57 million shares done.
In its quarterly report to Bursa Malaysia, Teo Seng’s statement of comprehensive income shows despite a marginal improvement in its revenue, it was not sufficient to offset a 10.11% increase in operating cost.
Teo Seng’s revenue in 2QFY15 was RM90.61 million, up 0.93% on-year from RM89.77 million.
Cumulatively, the group’s first half of FY15 (1HFY15) recorded a net profit of RM24.76 million, up 24.5% from RM19.89 million last year; while revenue for the period came in at RM203.2 million — 14.9% higher than RM176.81 million in 1HFY14.
Teo Seng falls 6.9% on weaker 2Q earnings
KUALA LUMPUR (Aug 5): Shares of poultry farming group Teo Seng Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 6.92% after its second quarter ended June 30, 2015 (2QFY15)’s net profit declined 24.43% to RM7.27 million or 2.56 sen per share, against RM9.62 million or 4.81 sen per share a year ago, on higher operating expenses.
At 9.28am, Teo Seng lost 11 sen to RM1.48 with 6.57 million shares done.
In its quarterly report to Bursa Malaysia, Teo Seng’s statement of comprehensive income shows despite a marginal improvement in its revenue, it was not sufficient to offset a 10.11% increase in operating cost.
Teo Seng’s revenue in 2QFY15 was RM90.61 million, up 0.93% on-year from RM89.77 million.
Cumulatively, the group’s first half of FY15 (1HFY15) recorded a net profit of RM24.76 million, up 24.5% from RM19.89 million last year; while revenue for the period came in at RM203.2 million — 14.9% higher than RM176.81 million in 1HFY14.
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» Hot Stock PetChem falls as much as 1.4% on weaker 3Q earnings
» Hot Stock Eversendai falls 3.62% on weaker 4Q earnings
» Hot Stock Tropicana falls 2.17% on weaker 2Q earnings
» Hot Stock Inari falls 2.92% on weaker 3Q earnings outlook
» Hot Stock Gas Malaysia falls 4.05% in thin trade on weaker 4Q earnings
» Hot Stock Eversendai falls 3.62% on weaker 4Q earnings
» Hot Stock Tropicana falls 2.17% on weaker 2Q earnings
» Hot Stock Inari falls 2.92% on weaker 3Q earnings outlook
» Hot Stock Gas Malaysia falls 4.05% in thin trade on weaker 4Q earnings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum