Poh Huat shares drop 15% as Q1 net profit slumps


KUALA LUMPUR:  Poh Huat Resources Bhd dropped more than 15% in early trade after the company reported a 64.7% decline in net profit for the first quarter ended Jan 31, 2018.

Shares of the company opened the day on a disappointing note and further declined 15.13%, or 23 sen to RM1.29, its lowest in more than a year. It is currently the top losers on Bursa Malaysia.

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