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NTPM active, falls 4.76% after plunging into the red in 4Q

TheEdge Thu, Jun 27, 2019 09:23am - 5 months ago

KUALA LUMPUR (June 27): NTPM Holdings Bhd shares fell 4.76% in active trade this morning after it plunged into the red with a net loss of RM4.85 million for the fourth quarter ended April 30, 2019, compared to a net profit of RM1.18 million a year earlier, no thanks to higher raw material costs, which it said has surged by about 50% since late 2016.

At 9.05am, NTPM fell 2 sen to 40 sen with 5.70 million shares done for a market capitalisation of RM449.28 million.

Quarterly revenue grew 11% to RM182.17 million from RM164.52 million a year ago. Despite the net loss, the group declared a final dividend of 0.8 sen per share.

For the 12 months ended April 30, its annual net profit dropped 70% to RM8.96 million from RM29.71 million, despite cumulative revenue increasing 5.3% to RM728.05 million from RM690.93 million.

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NTPM 0.550


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