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Hot Stock Eversendai falls 3.62% on weaker 4Q earnings
by Cals Tue 01 Mar 2016, 18:28
- Hot Stock
[size=28]Eversendai falls 3.62% on weaker 4Q earnings
By Surin Murugiah / theedgemarkets.com | March 1, 2016 : 9:32 AM MYTKUALA LUMPUR (March 1): Shares of Eversendai Corp Bhd fell 3.62% this morning after its net profit dropped 51.7% on-year to RM7.823 million or 1.01 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM16.2 million or 2.09 sen per share a year ago, largely on higher cost of sales, finance costs, and operating and administrative expense.
At 9.14am, Eversendai lost 2.5 sen to 66.5 sen with 112,500 shares traded.
In a bourse filing, Eversendai said revenue rose 58.6% to RM489.32 million in 4QFY15 from RM308.51 million in 4QFY14.
For the full 12 months ended Dec 31 (FY15), Eversendai's net profit grew 49.5% to RM55.9 million or 7.22 sen per share against RM37.4 million or 4.83 sen per share a year ago, while revenue grew 79% to RM1.79 billion from RM1 billion in FY14.
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