<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 28): Cahya Mata Sarawak Bhd (CMS) shares fell 1.68% this morning after its net profit more than halved to RM41.33 million or 3.85 sen per share in its second quarter ended June 30, 2019, from RM91.63 million or 8.53 sen per share a year ago.</p></div>

<div class=newsTextDataWrapInner><p>At 9.15am, CMS fell 4 sen to RM2.34, valuing the group at RM2.51 billion.</p></div>

<div class=newsTextDataWrapInner><p>This was despite higher revenue of RM399.17 million versus RM395.28 million in the year-ago second quarter.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Cumulative six-month net profit came in at RM82.1 million down 37% from RM130.6 million in the previous corresponding period, while revenue rose 8.9% on year to RM817.35 million from RM750.27 million.</p></div>

<div class=newsTextDataWrapInner><p>CMS said in its exchange filing the lower earnings during the period was due to higher imported clinker cost and coal cost in its cement division, besides the arrears received for works in its construction and road maintenance division.</p></div>


KUALA LUMPUR (Aug 28): Cahya Mata Sarawak Bhd (CMS) shares fell 1.68% this morning after its net profit more than halved to RM41.33 million or 3.85 sen per share in its second quarter ended June 30, 2019, from RM91.63 million or 8.53 sen per share a year ago.

At 9.15am, CMS fell 4 sen t...

Cahya Mata Sarawak falls 1.68% as 2Q earnings skid 

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<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.</p>


<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>


<p>US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.</p>
