KUALA LUMPUR: Zelan Bhd's share price continued to fall sharply on Tuesday, Nov 23 as its latest 2QFY11 earnings numbers ended Sept 30 seem to indicate that the company's financial woes are far from over.

The company's net loss widened 153% year-on-year (y-o-y) to RM35.12 million. Revenue also shrunk 91% y-o-y to RM30.7 million.

KUALA LUMPUR: IGB Corp Bhd's net profit for 3QFY10 ended Sept 30, fell 17.2% y-o-y to RM41.9 million from RM50.6 million, mainly due to higher cost of sales and administration expenses.

Revenue rose 15.4% to RM178.6 million compared with RM154.7 million a year earlier, mainly due to higher contributions from the property and hotel divisions.

KUALA LUMPUR: Dijaya Corp Bhd's net profit for 3QFY10 ended Sept 30, plunged 83% to RM5.6 million from RM32.4 million, due to a large base effect in 3Q09, when the company had enjoyed one-off gains from the sale of assets and the reversal of provisions for diminution in value of its investment portfolio.

KUALA LUMPUR: Gadang Holdings Bhd is bidding for several engineering and construction projects totalling more than RM2 billion and the company anticipates stronger earnings for the financial year 2011 ended May 31.

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