Furniture maker Sern Kou sees 12.3% stake traded off-market


In the first quarter ended Sept 30,2020, Muar-based Sern Kou posted net profit of RM7.15mil on a revenue of RM80.66mil. Its asset per share was 65 sen.

KUALA LUMPUR: Furniture maker Sern Kou Resources Bhd saw 32.05 million of its shares traded off market in the afternoon on Monday.

Stock market data showed the shares were transacted at RM1.70 a share, which was six sen below its Friday closing price of RM1.76.

The shares represented a 12.3% stake based on the issued shares of 260.41 million units.

In the first quarter ended Sept 30,2020, the Muar-based furniture exporter posted net profit of RM7.15mil on a revenue of RM80.66mil. Its asset per share was 65 sen.

It has cash and cash equivalents of RM28 mil.

Its trade and other receivables as at Sept 30,2020 totalled RM22.50mil.

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Sern Kou , off-market , furniture maker

   

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