Nam Cheong's (SGX:1MZ) attributable profit to owners in Q3 declined by 3% to 45.8 million ringgit from 47.1 million ringgit a year earlier, according to a Friday filing with the Singapore Exchange.
Shares of the company were down nearly 11% in Monday late-morning trade.
Earnings per share dropped to 0.1136 ringgit, compared with 0.1174 ringgit in the comparable period.
Revenue declined 15% year over year to 170.8 million ringgit from 200.4 million ringgit, mainly due to lower vessel utilization.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments