Hexza shares fall 5% after earnings slumps

KUALA LUMPUR: Hexza Corp Bhd , whose second quarter net profit fell 84%, saw its share price fall 4% this morning.

The counter fell 3 sen, or 3.9% to 74 sen and it was among the top losers so far today.

Hexza’s net profit shrank 84.03% to RM1.51mil for the second quarter ended Dec 31, 2017 (2QFY18), from RM9.48mil a year earlier, dragged by its resins and investment segments.

Its quarterly revenue slipped 2.3% to RM26.24mil from RM26.86mil.

For the first six months to Dec 31, 2017, Hexza posted a net loss of RM23.7mil compared with a net profit of RM24.3mil a year ago.

Its revenue was lower at RM51.3mil against RM61.2mil in the same period last year.

Stock on the Move , Hexza