Friday 29 Mar 2024
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KUALA LUMPUR (Jan 21): Ajiya Bhd shares fell 3.19% this morning after its fourth quarter net profit fell 10.45% to RM1.6 million or 0.54 sen per share, from RM1.79 million or 0.6 sen per share a year earlier, on the back of lower revenue.

At 10.47am, Ajiya fell 1.5 sen to 45.5 sen, valuing it at RM138.59 million.

Ajiya's revenue for the quarter ended Nov 30, 2019 (4QFY19) decreased 10.86% to RM81.73 million from RM91.69 million, mainly due to lower demand for the group's products.

For the full financial year (FY19), Ajiya's net profit was down 77.31% to RM5.58 million, from RM24.59 million in the previous year. Revenue fell 14.81% to RM325.62 million from RM382.62 million.

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