Monday 27 Jan 2025
By
main news image
This article first appeared in The Edge Financial Daily, on March 2, 2017.

 

Knusford Bhd (-ve)
SHARES in little-traded Knusford Bhd (fundamental: 1.25/3, valuation: 1.2/3) closed four sen or 3.2% lower at RM1.23 yesterday, after 175,600 shares were exchanged, compared to its 200-day average volume of 3,273 shares.

The group widened its net loss to RM7.02 million in the fourth quarter of the financial year ended Dec 31, 2016 (4QFY16), from RM1.77 million a year earlier, mainly because of additional provision for doubtful debts.

Revenue, however, climbed 18% to RM35.12 million from RM29.83 million.

For the full FY16, Knusford’s net loss widened to RM15.77 million from RM1.61 million in FY15, as revenue shrank 14% to RM130.19 million from RM151.13 million.

At the current share price, Knusford is trading at 0.45 times its book value.

      Print
      Text Size
      Share