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Crescendo Corp posts 21.44% lower 2Q net profit of RM5.73 million

KUALA LUMPUR: Crescendo Corp Bhd’s net profit for the second quarter ended July 31, 2009 dropped by 21.44% to RM5.73 million, from RM7.3 million a year earlier on lower sales of properties and concrete products.

The company said in a filing to Bursa Malaysia on Sept 30 that the concrete products margin is squeezed mainly due to materials cost fluctuations.

Its revenue dipped 8.63% to RM42.78 million, from RM46.82 million the previous year. Its basic earnings per share fell to 3.71 sen from 4.71 sen. The company declared an interim dividend of 3 sen less tax 25% per share.
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