KUALA LUMPUR (June 1): Public bus transportation operator Konsortium Transnasional Bhd fell as much as 12.5% or 3.5 sen after its net profit plunged 76% in its first quarter ended Mar 31, 2015 (1QFY15).
At 11.51am, it pared some losses to trade at 26 sen, down 2 sen or 7.14%, with 449,400 shares done. It has a market capitalisation of RM104.73 million.
As comparison, FBM KLCI was down 11.7 points or 0.67% to 1,736.26.
The trading of Konsortium Transnasional shares that was suspended from 4.10pm on Friday (May 28) without stating the reason has resumed its trading this morning.
Konsortium Transnasional (fundamental: 0.3; valuation: 0.9) saw its 1QFY15 net profit plunged 76% to RM550,000, from RM2.3 million a year ago, due to lower business volume and high maintenance costs of its aged buses.
Revenue was down 22% to RM42.89 million, from RM55.14 million, according to its filing to Bursa Malaysia last Friday.
Konsortium Transnasional said the implementation of the goods and services tax on April 1, together with lower earnings in the commodity related sectors, are expected to affect Malaysians' spending.
(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.)