KUALA LUMPUR (July 30): Triplc Bhd's net profit plunged 80.9% to RM1.13 million, or 1.73 sen per share, for the fourth quarter ended May 31, (4QFY15), from RM5.93 million, or 9.22 sen a share, a year ago.

In a filing with Bursa Malaysia today, the property construction investment holding said revenue for the quarter shrunk substantially to RM3.68 million from RM35.43 million in 4QFY14.

For the full financial year ended May 31, 2015 (FY15), Triplc’s (fundamental: 0.80; valuation: 1.50) net profit came sharply lower at RM7.13 million, or 10.98 sen a share, down 69.5% from RM23.38 million or 36.37 a share a year ago.

Its annual revenue was significantly lower at RM16.66 million, compared to RM108.4 million a year ago.

Triplc said that with the completion of the UITM Zone 1 Phase 2 construction project as well as the commencement of maintenance services, it would contribute positively to the group’s future earnings and cash flows.

Shares in Triplc closed unchanged at RM1.03 today, with 11,400 shares traded, giving it a market capitalisation of RM66.92 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)