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KPS 1Q profit falls 61% on lower revenue, higher operating expenses
by Cals Tue 27 May 2014, 00:40
| KPS 1Q profit falls 61% on lower revenue, higher operating expenses |
| Business & Markets 2014 |
| Written by Written by Chong Jin Hun of theedgemalaysia.com |
| Monday, 26 May 2014 13:01 KUALA LUMPUR (May 26): KPS Consortium Bhd's net profit fell 61% to RM1.7 million in the first quarter ended March 31, 2014 from RM4.4 million a year earlier. Bottom line fell on lower revenue and higher operating expenses. In a statement to the exchange today, paper products and building materials firm KPS said revenue declined to RM104.2 million from RM128.9 million. "The 1st quarter revenue was lower than previous corresponding year generally due to slower demand from furniture and construction industries for the building materials division," KPS said. KPS' income statement shows that the company's higher distribution and administrative expenses had curbed its bottom line. |
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