LB Aluminium Q4 profit tumbles 76%

PETALING JAYA: LB Aluminium Bhd posted a 76.4% fall in net profit to RM1.38mil for the fourth quarter ended April 30, 2017 (Q4’17) from RM5.86mil a year ago mainly due to an under provision of deferred taxation in the previous financial year.

However, its full year results (FY17) were higher at RM17.95mil compared with RM15.72mil in the previous corresponding period, the company said in a filing with Bursa Malaysia.