Quick take: SKP Resources fall 4% temporary closure of Johor operations

TheStar Tue, Jan 19, 2021 09:34am - 3 years View Original


KUALA LUMPUR: Shares in SKP Resources Bhd fell 4% in early trade Tuesday after announcing that its revenue will be impacted by the temporary closure of its Johor Bahru operations.

The integrated plastics manufacturer shed 4.02%, or nine sen to RM2.15.

SKPRES-C1 fell 4.35%, or one sen to 22 sen, SKPRES-C4 shed 10.53%, or one sen to 8.5 sen while SKPRES-CX fell 2.5 sen to 12.5 sen.

SKP estimated that its sales revenue to be impacted for the FY ending March 31, 2021 due to the temporary shutdown of its Johor Bahru operations caused by Covid-19.

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