Melati Ehsan Holdings net profit down by 63% to RM1.13m in 3Q

KUALA LUMPUR: Melati Ehsan Holdings Bhd posted a net profit of RM1.13 million for the third quarter ended May 31, 2010 (3Q), down 63% from RM3.06 million a year ago on the back of lower construction activities.

Revenue declined by 35% to RM30.9 million from RM47.38 million, the company said on Thursday, July 29.

The group said barring unforseen circumstances, it expected satisfactory performance for the financial year ended August 31, 2010.

Its basic earnings per share stood at 0.94 sen, down from 2.55 sen a year ago.
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