Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 8): Shares in Three-A Resources Bhd (3A) fell 4.21% in early trade this morning after its net profit fell 42% to RM5.29 million in the second quarter ended June 30, 2018 (2QFY18), from RM9.17 million a year ago, as product margins were impacted by a surge in raw material prices.

At 9.13am, 3A fell 4 sen to 91 sen with 373,100 shares done.

Its quarterly revenue slid a marginal 1% to RM101.36 million from RM102.34 million in the year-ago quarter as a result of lower sales volume.

For the cumulative six months ended June 30 (1HFY18), its net profit fell 41% to RM11.52 million from RM19.5 million in 1HFY17, while revenue was down 1% to RM203.84 million from RM205.52 million.

3A expects raw material prices to remain volatile and the group's business environment to still be competitive moving forward.

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