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Eastern & Oriental 2Q profit falls sharply to RM16m

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Eastern & Oriental 2Q profit falls sharply to RM16m

Post by Cals Wed 27 Nov 2013, 00:15

Eastern & Oriental 2Q profit falls sharply to RM16m

Business & Markets 2013

Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com

Tuesday, 26 November 2013 19:35

KUALA LUMPUR (Nov 26): Eastern & Oriental Bhd posted net profit of RM16.5 million for its second quarter ended 30 September 2013, a sharp fall from RM34.9 million in the previous corresponding quarter.

Revenue had also decreased to RM74.7 million in 2QFY13 from RM156.7 million in 2QFY12.

For the nine months to September 2013, net profit fell to RM44 million from RM65 million in the previous corresponding quarter.

Revenue for 9MFY13 fell to RM170 million from RM296 million in 9MFY12.

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy 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

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