<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 24): SKP Resources Bhd’s saw its net profit fall 22.84% to RM25.74 million or 2.07 sen a share in the first quarter ended June 30, 2018 (1QFY19) versus RM33.36 million or 2.71 sen a share last year due to lower sales from key existing customers.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue declined 17.98% to RM430.52 million, compared with RM524.88 million in 1QFY18, it said in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>On prospects, the board of directors expects the group to remain profitable as the board is optimistic and expects orders from existing and new customers to contribute positively to the group’s performance for the financial year ended March 31, 2019.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Going forward, SKP Resources shall keep its sight firmly to develop its market further in the electronics manufacturing services (EMS) sector and continue to pursue vertical integration status.</p></div>

<div class=newsTextDataWrapInner><p>Shares of SKP Resources closed unchanged at RM1.24 today, bringing its market capitalisation to RM1.55 billion.</p></div>


KUALA LUMPUR (Aug 24): SKP Resources Bhd’s saw its net profit fall 22.84% to RM25.74 million or 2.07 sen a share in the first quarter ended June 30, 2018 (1QFY19) versus RM33.36 million or 2.71 sen a share last year due to lower sales from key existing customers.

Quarterly revenue decli...

Lower revenue weighs on SKP Resources 1Q net profit

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