A-Rank 4Q net profit down 24% on higher income tax provision

A-Rank 4Q net profit down 24% on higher income tax provision

The Edge Markets - Malaysia·2019-09-30 15:56

KUALA LUMPUR (Sept 30): Aluminium billets producer A-Rank Bhd's fourth quarter net profit fell 24.03% to RM3.34 million, from RM4.39 million a year ago, mainly on higher provision for income tax due to the effect of certain expenses not deductible for tax purposes.

Earnings per share for the quarter ended July 31, 2019 dropped to 1.97 sen from 2.61 sen previously, the group said in a filing with Bursa Malaysia.

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