KUALA LUMPUR (Sept 14): Practice Note 17 (PN17) company MAA Group Bhd, whose second quarter net profit was down by nearly 90%, has declared a second interim dividend of three sen.

The dividend will be paid on Oct 23. The ex-date is Sept 28, and the entitlement date is Oct 2, MAA said in a filing with Bursa Malaysia today.

On Aug 23, the group said net profit fell 89.2% to RM30.4 million for the quarter ended June 30, 2017, from RM281.8 million a year earlier. Revenue dropped 80.7% to RM29.1 million from RM150.8 million.

For the first half of the year, net profit tumbled 89.4% to RM29.9 million from RM281.7 million for the precious corresponding period. Revenue dropped 88.5% to RM33.1 million from RM287 million.

MAA's share price closed up one sen or 1.23% to 82.5 sen for a market capitalisation of RM225.6 million.