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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read