Stock Name: MISC
Company Name: MISC BHD
Research House: OSK
KUALA LUMPUR: MISC BHD [] shares fell on Thursday, May 12 after it posted net loss of RM307.88 million in the fourth quarter ended March 31, 2011 after it made impairment provisions totaling RM456.65 million.
At 11.30am, MISC fell six sen to RM7.25 with 231,200 shares traded.
The poor financial performance was a sharp contrast from the net profit of RM196.43 million a year ago when the provisions for impairments were sharply lower at RM49.58 million.
MISC said its revenue was lower at RM2.924 billion compared with RM3.31 billion a year ago. Loss per share was 6.9 sen compared with earnings per share of 5.10 sen.
Company Name: MISC BHD
Research House: OSK
KUALA LUMPUR: MISC BHD [] shares fell on Thursday, May 12 after it posted net loss of RM307.88 million in the fourth quarter ended March 31, 2011 after it made impairment provisions totaling RM456.65 million.
At 11.30am, MISC fell six sen to RM7.25 with 231,200 shares traded.
The poor financial performance was a sharp contrast from the net profit of RM196.43 million a year ago when the provisions for impairments were sharply lower at RM49.58 million.
MISC said its revenue was lower at RM2.924 billion compared with RM3.31 billion a year ago. Loss per share was 6.9 sen compared with earnings per share of 5.10 sen.
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