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Tajuk : OldTown active, falls 11.65% after slump in 4Q earnings
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OldTown active, falls 11.65% after slump in 4Q earnings

KUALA LUMPUR (May 26): OldTown Bhd shares fell 11.65% in active trade at mid-morning today after its net profit for the fourth quarter ended March 31, 2017 slumped to RM9.91 million from RM18.36 million a year earlier.

At 10.21am, OldTowm lost 36 sen to RM2.73 with 11.18 million shares traded.

OldTown yesterday said its revenue for the quarter rose slightly to RM106.96 million from RM104.52 million in 2016.

For the financial year ended March 31, OldTown posted net profit RM60.77 million versus RM52.27 million a year earlier.

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