KUALA LUMPUR (Feb 25): Public Packages Holdings Bhd's (PPHB) share price slumped as much as 21 sen or 19.27% to 88 sen in morning trades today after the packaging manufacturer said yesterday fourth quarter net profit fell to RM3.83 million from RM4.68 million a year earlier.

At 11:04am, PPHB, which emerged among Bursa Malaysia top decliners, was traded at 92.5 sen for a market capitalisation of RM174.47 million.

The stock saw some 12 million shares traded.

Yesterday, PPHB told Bursa that during the fourth quarter ended Dec 31, 2019 (4QFY19), revenue was lower at RM53.67 million versus RM55.37 million.

For the full year, PPHB said cumulative net profit, however, rose to RM23.63 million from RM19.01 million a year earlier, while revenue was higher at RM203.88 million compared to RM198.88 million.

PPHB declared an interim dividend of 0.25 sen a share. The dividend's ex- and payment dates fall on March 13 and 30 respectively.