<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 28): Power Root Bhd fell 12.58% this morning after it slipped into the red in its fourth quarter ended March 31, 2018 (4QFY18) with a net loss of RM9.51 million, bringing its full financial year ended March 31, 2018 (FY18) earnings sharply lower.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, Power Root lost 19 sen to RM1.32 with 475,400 shares done.</p></div>

<div class=newsTextDataWrapInner><p>The group registered a net profit of RM9.36 million and RM6.42 million in 4QFY17 and 3QFY18 respectively.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter, meanwhile, fell 12% to RM80.58 million, from RM91.6 million in 4QFY17, mainly attributable to the decrease in overseas sales.</p></div>

<div class=newsTextDataWrapInner><p>The group said the losses were due to lower sales recorded and adverse sales mix.</p></div>

<div class=newsTextDataWrapInner><p>Separately, Power Root has proposed to undertake a one-for-five bonus issue of up to 71.24 million new shares, along with free warrants.</p></div>

KUALA LUMPUR (May 28): Power Root Bhd fell 12.58% this morning after it slipped into the red in its fourth quarter ended March 31, 2018 (4QFY18) with a net loss of RM9.51 million, bringing its full financial year ended March 31, 2018 (FY18) earnings sharply lower.

At 9.05am, Power Root ...

Power Root falls 12.58% on slipping into the red in 4Q 

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