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KUALA LUMPUR: Cahya Mata Sarawak Bhd
’s (CMS) net profit plunged 93.5% to RM9.9mil in the third quarter ended Sept 30 from RM154.4mil from the corresponding period a year ago.
Revenue, however, rose 8.4% to RM301.9mil from RM278.4mil previously while earnings per share fell to 0.93 sen from 14.37 sen a year prior.
CMS’ net profit for the cumulative nine months ended Sept 30, was RM78.9mil against RM265.9mil for the same period a year ago.
Revenue for the period rose to RM868.1mil from RM702.2mil last year.
CMS said its performance for the first nine months has been within expectations, with the exception of phosphates where operation was deferred.
“We expect the remainder of the year to be similar to the performances of previous quarters.
“The board of directors continue to hold a positive view of the Sarawak economy, which augurs well for the group as our businesses are well placed to benefit from the expected developments,” CMS said in the notes accompanying its financial results.
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