Malton reports drop in Q1 profit

Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

KUALA LUMPUR: Malton Bhd, the property developer controlled by tycoon Tan Sri Desmond Lim Siew Choon, posted a steep drop in net profit in the first quarter ended Sept 30.

Earnings fell to RM4.66mil compared with RM26.65mil made in the same quarter a year ago. Revenue was higher at RM157.9mil compared with RM124.8mil previously.