Destini falls 1.92% after slump in 1Q earnings
KUALA LUMPUR (June 3): Destini Bhd shares fell 1.92% this morning after its first quarter ended March 31,2019 (1QFY19) net profit declined nearly 92% to RM636,000, from RM7.75 million, due to lower revenue from its aviation manufacturing services.
At 9.32am, Destini fell 0.5 sen to 25.5 sen with 486,200 shares traded.
Revenue dropped 37.58% to RM84.49 million, from RM137.57 million. Earnings per share (EPS) fell to 0.06 sen, from 0.67 sen in 1QFY18.
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