KUALA LUMPUR (Nov 23): HeveaBoard Bhd shares declined 4.88% in early trade this morning after its net profit dropped 55.8% to RM3.17 million in the third quarter ended Sept 30, 2018 (3QFY18) from RM7.17 million a year ago, on the back of lower contributions across all segments, namely particleboard manufacturing, ready-to-assemble (RTA) manufacturing and fungi cultivation.

At 9.07am, HeveaBoard fell 4 sen to 78 sen with 885,500 shares done.

Quarterly revenue also fell 13.8% to RM101.71 million from RM118.01 million in 3QFY17.

For the cumulative nine months (9MFY18), the group's net profit plunged 80% to RM9.77 million from RM48.8 million a year ago, while revenue was down 21.6% to RM323.09 million from RM411.99 million in 9MFY17.