KUALA LUMPUR (Oct 28): Gadang Holdings Bhd fell 40 sen or 12% after the builder reported that first quarter net profit dropped 20% from a year earlier.

At 12:30pm, Gadang shares settled at RM2.89 to become Bursa Malaysia's top decliner. The stock saw some 24 million shares transacted.

Yesterday, Gadang told Bursa Malaysia that net profit fell to RM16.7 million in the first quarter ended Aug 31, 2016 from RM20.86 million.

Revenue was lower at RM104.6 million versus RM149.38 million. — theedgemarkets.com

SHARE
SPONSORED CONTENT
Beyond the front door: Setia crafts communities for the Malaysian way of life

For many families today, the question is no longer simply about owning a home. It is increasingly about where that home sits within a larger community.

read more
RELATED POSTS
  1. Lagenda Properties posts record RM1.7b sales in FY2025 as revenue clears RM1b milestone
  2. Wereg Properties marks milestone year with up to 100% revenue growth, expansion plans
  3. Gadang sinks into the red in 3Q as construction and property divisions record lower revenue