<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 19): Analabs Resources Bhd's net profit for the quarter ended Oct 31, 2017 (2QFY18) fell by 53.6% to RM1.62 million from RM3.48 million a year ago, mainly due to higher operating expenses.</p></div>

<div class=newsTextDataWrapInner><p>The higher spending was incurred in both the recovery and sale of recycled products and manufacturing, formulation and sale of resin, chemical and building materials, Analabs said in a Bursa Malaysia filing today.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter under review declined 11.5% to RM34.61 million, from RM39.11 million in 2QFY17.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group’s earnings per share fell to 2.88 sen from 6.2 sen previously. It proposed a first interim dividend of one sen per share, with the entitlement and payment dates to be fixed.</p></div>

<div class=newsTextDataWrapInner><p>Cumulatively, Analabs’ net profit for the first half of FY18 (1HFY18) fell 31.7% year-on-year to RM4.72 million from RM6.91 million, as revenue retreated 7.7% to RM73.56 million from RM79.68 million.</p></div>

<div class=newsTextDataWrapInner><p>Moving forward, the group said it expects future contribution from its main business segment of manufacturing, formulation and sale of resin, chemicals &amp; building materials to remain “stable”.</p></div>

<div class=newsTextDataWrapInner><p>As such, its board of directors is “cautiously optimistic” on the group's future prospects.</p></div>

<div class=newsTextDataWrapInner><p>Analabs shares closed unchanged at RM2.22 today, giving it a market capitalisation of RM124.55 million.</p></div>


KUALA LUMPUR (Dec 19): Analabs Resources Bhd's net profit for the quarter ended Oct 31, 2017 (2QFY18) fell by 53.6% to RM1.62 million from RM3.48 million a year ago, mainly due to higher operating expenses.

The higher spending was incurred in both the recovery and sale of recycled produ...

Analabs 2Q profit halves on higher operating costs

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