Triplc’s net profit for 2Q falls 80%

KUALA LUMPUR: Triplc Bhd, a company under the local bourse property index, saw its net profit for the second quarter ended Nov 30, 2009 (2QFY2010) plunge 80.6% to RM250,000 from RM1.3 million a year earlier.

Its revenue for the quarter fell 38.46% to RM39.75 million, from RM64.6 million the previous year. The lower operational performance was due to the tailing off of the construction project at UiTM Puncak Alam.

Its basic earnings per share dropped to 0.18 sen, from 0.92 sen. No dividend was declared.
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