Bursa Malaysia Stock Watch

Hai-O Q3 pre-tax profit shrinks to RM9m

kltrader
Publish date: Thu, 24 Mar 2011, 09:30 AM
kltrader
0 20,638
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Hai-O Enterprise Bhd's pre-tax profit for the third quarter ended Jan 31, 2011 declined to RM9 million from RM25.2 million in the same quarter last year.

Revenue fell to RM57.6 million from RM131.3 million previously.

In a filing to Bursa Malaysia, Hai-O said the drop in revenue and pre-tax profit was mainly due to lower contributions by its principal subsidiary, the multi-level marketing division. -- Bernama
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment