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Hot Stock K-One shares, warrants slump in active trade after poor 1Q performance
by Cals Fri 29 May 2015, 00:22
Hot Stock
K-One shares, warrants slump in active trade after poor 1Q performance
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By Surin Murugiah / theedgemarkets.com | May 28, 2015 : 11:58 AM MYT
KUALA LUMPUR (May 28): Shares and warrants of [size=14]K-One Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) slumped in active trade today after the company’s net profit for the first quarter ended May 31, 2015 fell sharply to RM520,000 from RM3.24 million a year earlier on lower revenue of RM32.62 million compared to RM45.88 million a year earlier.
At 11.37am, K-One shares fell 20.80% or 13 sen to 49.5 sen with 44.57 million shares done while its warrant, K1-WB fell 27.63% or 10.5 sen to 27.5 sen with 32.1 million units done.
K-One said the significant decrease in sales was mainly due to the reduced demand of network cameras and to a small extent, electronic headlamps.
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K-One shares, warrants slump in active trade after poor 1Q performance
[You must be registered and logged in to see this image.]
By Surin Murugiah / theedgemarkets.com | May 28, 2015 : 11:58 AM MYT
KUALA LUMPUR (May 28): Shares and warrants of [size=14]K-One Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) slumped in active trade today after the company’s net profit for the first quarter ended May 31, 2015 fell sharply to RM520,000 from RM3.24 million a year earlier on lower revenue of RM32.62 million compared to RM45.88 million a year earlier.
At 11.37am, K-One shares fell 20.80% or 13 sen to 49.5 sen with 44.57 million shares done while its warrant, K1-WB fell 27.63% or 10.5 sen to 27.5 sen with 32.1 million units done.
K-One said the significant decrease in sales was mainly due to the reduced demand of network cameras and to a small extent, electronic headlamps.
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