Batu Kawan 4Q net profit tumbles 76% to RM52.7mil

KUALA LUMPUR: Batu Kawan Bhd, which saw its net profit tumble 76.3% to RM52.7mil in the fourth quarter ended Sept 30 (4Q), is cautiously optimistic of its prospects for the financial year 2024 (FY24).

Its revenue for the quarter fell 16.8% to RM6bil against RM7.2bil a year prior while earnings per share dipped to 13.41 sen from 56.55 sen previously.