Share
KUALA LUMPUR (Oct 30): Shares of affordable housing developer Hua Yang Bhd fell 5.42% in early trade today after its net profit plunge 97% to RM584,000 in its second quarter ended Sept 30, 2017 from RM16.95 million a year earlier, due to fewer ongoing projects and lower sales.
At 9.06am, Hua Yang fell 4.5 sen to 78.5 sen with 248,900 shares done.
Revenue dropped 56% to RM45.22 million, from RM102.77 million, while earnings per share fell to 0.17 sen from 4.82 sen.
Cumulative first half net profit dropped 94% to RM2.3 million, from RM40.86 million in the previous corresponding period, while revenue decreased 60% to RM93.15 million from RM230.73 million. — theedgemarkets.com
For more stories, download EdgeProp.my pullout here for free.
TOP PICKS BY EDGEPROP
Kuala Terengganu Golf Resort
Kuala Terengganu, Terengganu
Medan Idaman Business Centre
Setapak, Kuala Lumpur
Jalan Suasana, Bandar Tun Hussein Onn
Batu 9th Cheras, Selangor
KGSAAS Golf Club, Seksyen 13
Shah Alam, Selangor
Hijayu 3, Bandar Sri Sendayan
Siliau, Negeri Sembilan
