Unico-Desa 1Q net profit plunges 97%
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Unico-Desa 1Q net profit plunges 97%
Unico-Desa 1Q net profit plunges 97%
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Tuesday, 13 August 2013 19:47
KUALA LUMPUR (Aug 13): Unico-Desa PLANTATION []s Bhd announced that its net profit for the first quarter ended June 30, 2013, had plunged 96.8% to RM348,000 from RM10.9 million earned in previous year corresponding quarter.
Revenue also fell sharply to RM33.8 million from RM52.3 million.
The Sabah-based plantation company blamed its poor results on low crop season, high manuring cost and weak prices of oil palm products.
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Tuesday, 13 August 2013 19:47
KUALA LUMPUR (Aug 13): Unico-Desa PLANTATION []s Bhd announced that its net profit for the first quarter ended June 30, 2013, had plunged 96.8% to RM348,000 from RM10.9 million earned in previous year corresponding quarter.
Revenue also fell sharply to RM33.8 million from RM52.3 million.
The Sabah-based plantation company blamed its poor results on low crop season, high manuring cost and weak prices of oil palm products.
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