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Gadang down in early trade after posting losses
by hlk Fri 29 Jul 2011, 10:12
KUALA LUMPUR: GADANG HOLDINGS BHD [] securities fell in early trade on Friday, July 29 after it cautioned that it sees a more challenging year moving forward, with the tendering process getting more competitive with lower operating margins, after it slipped into the red for the financial year ended May 31, 2011.
At 9.05am, Gadang warrants fell 8.5 sen to 25 sen while its shares fell four sen to 67 sen.
Gadang posted net loss RM4.25 million compared to net profit RM14.87 million in 2010, despite revenue increasing to RM348.32 million from RM270.45 million.
At 9.05am, Gadang warrants fell 8.5 sen to 25 sen while its shares fell four sen to 67 sen.
Gadang posted net loss RM4.25 million compared to net profit RM14.87 million in 2010, despite revenue increasing to RM348.32 million from RM270.45 million.
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