Quick take: D&O shares fall despite earnings beat

TheStar Wed, Nov 25, 2020 09:38am - 3 years View Original


KUALA LUMPUR: Shares in D&O Green Technologies are trading almost 2% lower in early trade Wednesday despite reporting a better-than-expected set of third-quarter earnings.

The counter fell 1.97%, or three sen to RM1.49 with 2.4 million shares traded.

D&O’s net profit surged 63.4% to RM14.7mil in the third quarter ended Sept 30 against RM9.01mil last year. Its revenue rose to RM158.8mil during the quarter from RM125.7mil previously.

In the first nine months, it posted a net profit of RM19.3mil on revenue of RM366.2mil.

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