Mah Sing drops 3.64% after fall in 1Q earnings

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KUALA LUMPUR (June 1): Mah Sing Group Bhd shares dropped 3.64% this morning after its net profit for 1QFY18 fell 29% to RM64.2 million from RM90.4 million a year ago, due partly to slower progress of work during the festive season coupled with more projects focusing on affordable products and at their initial stages of construction.

At 9.11am, Mah Sing fell 4 sen to RM1.06 with 265,000 shares done.

Quarterly revenue was at RM584.76 million versus RM723.54 million a year ago.