KUALA LUMPUR (Aug 4): Shares of Cuscapi Bhd fell 6.9% this morning on profit taking after having surged 20.83% on Tuesday following the company's move to secure a lucrative contract to supply self-ordering tablets to a China restaurant chain.

At 11.52am today, the stock fell 1 sen to 13.5 sen, with a total of 411,500 shares done.

The stock had been on a steady decline since April 20, 2015 at 23.5 sen to a five-year low of 9.5 sen on June 21, before rising sharply on June 28.

From July 26 to Aug 3 this year, the stock spiked 52.63%.

Year to date, the stock has increased 3.57%.

Cuscapi had announced on Aug 1 that it clinched a contract to supply self-ordering tablets to a China restaurant chain, for which it expects to receive 250 million yuan (RM151.72 million) of service fees over the next six years.

Its wholly-owned subsidiary, Cuscapi Interactive Technology (China) Pty Ltd, had inked an agreement with Shanghai Lead Food and Restaurant Management Co Ltd (SLFRMC) to exclusively deploy and manage REV self-ordering tablets for SLFRMC.

Cuscapi expects to deploy up to 25,000 REV self-ordering tablets for existing Ajisen restaurants in China, it had said.

For the first quarter ended March 31, 2016 (1QFY16), Cuscapi recorded a net loss of RM3.59 million or 0.82 sen loss a share compared to a net profit of RM201,000 or 0.5 sen earnings a share in 1QFY15 on the back of a 27.4% decline in revenue to RM9.62 million from RM13.25 million.

In financial year ended Dec 31, 2915 (FY15), the company's net loss widen to RM24.33 million or 5.59 sen loss a share from RM6.96 million or 1.6 sen loss a share in FY14 on the back of a 15.67% drop in revenue to RM43.79 million from RM51.93 million.