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Unico-Desa Plantations bucks cautious market
by Cals Tue 24 Sep 2013, 12:45
Published: Tuesday September 24, 2013 MYT 9:46:00 AM
Updated: Tuesday September 24, 2013 MYT 9:48:16 AM
Unico-Desa Plantations bucks cautious market
KUALA LUMPUR: Shares of Unico-Desa Plantations, which saw a sharp decline in its earnings in the first quarter, bucked the overall cautious market on Tuesday to advance to a high of RM1.35.
At 9.35am, it was up 17 sen to RM1.35. There were 3.97 million shares done.
The FBM KLCI fell 8.02 points to 1,788.34. Turnover was 275.39 million shares valued at RM112.26mil. There were 145 gainers, 180 losers and 198 counters unchanged.
On Aug 13, Unico-Desa Plantations reported its earnings fell 96.8% to RM348,000 in the first quarter ended June 30, 2013 from RM10.89mil a year ago due to lower crude palm oil (CPO) and palm kernel (PK) selling prices.
The selling prices were caused by the lower global market prices for oil palm products. Its revenue declined 35.3% to RM33.81mil from RM52.27mil. Earnings per share fell to 0.04 sen from 1.26 sen.
Its net asset per share is 85 sen as at June 30, 2013.
Updated: Tuesday September 24, 2013 MYT 9:48:16 AM
Unico-Desa Plantations bucks cautious market
KUALA LUMPUR: Shares of Unico-Desa Plantations, which saw a sharp decline in its earnings in the first quarter, bucked the overall cautious market on Tuesday to advance to a high of RM1.35.
At 9.35am, it was up 17 sen to RM1.35. There were 3.97 million shares done.
The FBM KLCI fell 8.02 points to 1,788.34. Turnover was 275.39 million shares valued at RM112.26mil. There were 145 gainers, 180 losers and 198 counters unchanged.
On Aug 13, Unico-Desa Plantations reported its earnings fell 96.8% to RM348,000 in the first quarter ended June 30, 2013 from RM10.89mil a year ago due to lower crude palm oil (CPO) and palm kernel (PK) selling prices.
The selling prices were caused by the lower global market prices for oil palm products. Its revenue declined 35.3% to RM33.81mil from RM52.27mil. Earnings per share fell to 0.04 sen from 1.26 sen.
Its net asset per share is 85 sen as at June 30, 2013.
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