KUALA LUMPUR: Ahmad Zaki Resources Bhd
's net profit for its first quarter ended March 31, 2015 fell 25% to RM2.27mil from RM4.48mil a year ago.
In a filing to Bursa Malaysia on Friday, the group said revenue for the quarter was flat at RM153.05mil compared to RM153.7mil a year ago.
Earnings per share stood at 0.7 sen from 1.62 sen the same quarter last year.
Commenting on its performance, the group said earnings was down due to lower operating income and increased finance costs compared the the same quarter last year.
However, the group said its balance order book in the construction division stood at RM3.38bil, mainly coming from the International Islamic Unicersity Malaysia Teaching Hospital in Kuantan.
Moving forward, the group said its construction segments is expected to perform better as the remaining order
book balance remains strong and the prospects for enhancement of the order book is encouraging.
Meanwhile, its oil and gas division continues to be robust with steady flow of income to the group.
It also looks forward to achieving positive development in the plantation division.
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