Destini denies PN17 classification, de-listing reports

Destini denies PN17 classification, de-listing reports
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KUALA LUMPUR (Sept 5): Destini Bhd has denied that it has been classified as a Practice Note 17 (PN17) company and that it was set to be de-listed on Monday (Sept 5).

In a statement, it said any such announcement would be announced according to Bursa’s Main Listing Requirements.

On Aug 30, Destini reported a net loss of RM1.29 million versus a net profit of RM1.16 million a year earlier for the second quarter ended June 30, 2022.

Revenue for the quarter edged up to RM32.75 million versus RM30.34 million previously.

For the six months ended June 30, Destini reported a net loss of RM730,000 against a net profit RM2.28 million on the back of lower revenue of RM58.82 million against RM116.88 million.

At 9.20am, Destini was flat at 10 sen with 20,000 shares done.

Surin Murugiah