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KPS 3Q profit falls 59% on lower building material demand
by Cals Tue 26 Nov 2013, 04:55
| KPS 3Q profit falls 59% on lower building material demand |
| Business & Markets 2013 |
| Written by Chong Jin Hun of theedgemalaysia.com |
| Monday, 25 November 2013 14:16 |
In a statement to the exchange, KPS which manufacturers paper products, said revenue fell to RM121.34 million from RM133.43 million. The firm also distributes building materials.
"The 3rd quarter revenue was lower than previous corresponding year (quarter) generally due to lower demand from customers in the building materials division" KPS said.
KPS said cumulative nine-month net profit rose to RM9.06 million from RM8.61 million a year earlier. Revenue was higher at RM369.18 million compared to RM330.32 million.
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