KNM’S THIRD QUAR­TER NET PROFIT HALVES TO RM1.12M

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: KNM Group Bhd’s net profit for the third quar­ter ended Sept 30, 2016 fell 52.7% to RM1.12 mil­lion from RM2.36 mil­lion a year ago due to lower con­tract rev­enue. Its rev­enue dropped 10.4% to RM410.65 mil­lion com­pared with RM458.18 mil­lion last year. For the nine months pe­riod, its net profit fell 57% to RM18.70 mil­lion from RM43.52 mil­lion a year ago mainly due to recog­ni­tion of a one-off gain aris­ing from the dis­posal of Aus­tralian op­er­a­tions in the cor­re­spond­ing pe­riod last year and loss in­curred in the Amer­i­cas seg­ment for the cur­rent pe­riod.

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