Monday, 16 May 2016

Cahya Mata Q1 total income down 75% to RM11.77m

Cahya Mata Sarawak Bhd's (CMSB) total comprehensive income attributable to the owners fell 75.2% to RM11.77mil from RM47.46mil a year ago due to losses from associates.

The cement company said on Monday profit attributable to the owners of the company fell to just RM1.05mil in the first quarter ended March 31, 2016 from RM57.42mil a year ago

Its associates posted losses of RM16.16mil in the quarter compared with gains of RM13.73mil a year ago.

Its revenue fell 29.3% RM346.91mil from RM490.99mil a year ago. Earnings per share were just 0.1 sen compared with 5.52 sen.

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