Friday 29 Mar 2024
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KUALA LUMPUR (Sept 27): United Malacca Bhd shares fell 2.28% this morning after it registered a higher net loss of RM18.49 million for the first financial quarter ended July 31, 2018 (1QFY19) from RM316,000 a year ago, on lower production of fresh fruit bunches but expects production to improve in the second half. Even so, it warned of challenges in the financial year owing to depressed crude palm oil prices and the adoption of a new accounting framework.

At 9.28am, United Malacca lost 14 sen to RM6 with 37,000 shares done.

Revenue plunged 43% year-on-year to RM40 million from RM70.33 million.

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