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Article: MALAYSIA'S COSWAY POSTS 13.8 PCT FALL IN 9-MONTH PRE-TAX PROFIT.(Financial report)

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AsiaPulse News
Article date:
March 15, 2007
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KUALA LUMPUR, March 15 Asia Pulse - Cosway Corporation Berhad (KLSE:4812) has posted a 13.8 per cent slide in nine-month group pre-tax profit to RM47.692 million (US$13.6 million) following the deconsolidation of a subsidiary as well as higher operating expenditure in the third quarter.

Revenue for the nine months ended 31 January 2007 plummeted 30.9 per cent to RM586.897 million from RM849.720 million previously.

Earnings per share for the period under review dropped to 9.28 sen from 10.80 sen previously.

In a filing to Bursa Malaysia on March 14, it attributed the lower profit and revenue to the deconsolidated of Dunham-Bush (Malaysia) Bhd ...

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