not vested
Cahya Mata 2Q net profit dips on longer lockdown, but says biz back in full swingby Justin Lim
KUALA LUMPUR (Aug 26): Cahya Mata Sarawak Bhd's (CMS)
net profit slid 3.11% to RM16.71 million for the second quarter ended June 30, 2020 (2QFY20) from RM17.2 million posted for the preceding quarter, underpinned by a
26.77% decline in revenue to RM206.84 million, from RM292.45 million.
Earnings per share (EPS) likewise took a hit, slipping to 1.56 sen from 1.61 sen in the previous quarter.
However, CMS said it also received higher profit contributions from its associates during the quarter. "[Telecommunications infrastructure provider] Sacofa Sdn Bhd and [financial services group]
Kenanga Investment Bank Bhd being essential businesses, remained open and operational during the lockdown period," it said.
On a yearly basis, however, its
net profit plunged 59.58% to RM16.71 million, from RM41.33 million (EPS: 3.85 sen) in 2QFY19, as its core businesses were hit by the MCO.
However, this was partially offset by a 66% increase in contributions from its associates, to RM20.5 million from RM12.4 million a year ago.
Quarterly revenue fell 48.18% year-on-year to RM206.84 million from RM399.17 million.
Following the reduced 2Q earnings, the group's cumulative six-month (6MFY20) net profit declined 58.6% to RM33.99 million from RM82.10 million in 6MFY19, with revenue sank 40.14% to RM489.29 million against RM817.35 million.
Source: The Edge
https://www.theedgemarkets.com/article/ ... full-swing
It's all about "how much you made when you were right" & "how little you lost when you were wrong"