KESM 4Q net profit plunges 80% on trade war headwinds

KESM 4Q net profit plunges 80% on trade war headwinds

The Edge Markets - Malaysia·2019-09-19 21:46

KUALA LUMPUR (Sept 19): The US-China trade war has further dampened the earnings of KESM Industries Bhd, with its fourth quarter net profit down 79.75% to RM2.29 million from RM11.32 million a year ago.

Earnings per share for the quarter ended July 31, 2019 fell to 5.33 sen from 26.31 sen previously.

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