KUALA LUMPUR: Muda Holdings Bhd
recorded a net profit of RM1.59mil in the third quarter ended Sept 30, 2021, which was a sharp drop from RM24.98mil posted in the previous corresponding quarter due to declining margin from higher production cost and lower output.
In a bourse filing, the group said gross margin declined to 16.1% in the current quarter from 20.6% in the previous corresponding quarter amid a deficit on the revaluation of properties, higher operating expenses and reduction of wage subsidies.
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