Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 2): Astino Bhd shares fell 7.96% in early trade this morning after the company closed its fourth quarter ended July 31 (4QFY17) with net profit declining 40% to RM5.06 million from RM8.44 million a year ago, due to higher allowance for diminution in value of inventories in the quarter under review.

At 9.09am, Astino fell 9 sen to RM1.04 with 528,200 shares done.

Revenue rose 11.57% to RM124.82 million, from RM111.88 million a year ago, thanks to higher overseas sales.

For its full FY17, Astino saw net profit increase 13.47% to RM34.44 million from RM30.35 million previously. Revenue rose 5.89% to RM500.59 million, from RM472.73 million in FY16.

      Print
      Text Size
      Share