Tuesday 29 November 2011

Tekala slides to 8-year low on Q2 net loss

Tekala Corp, a Malaysian timber company, fell to its lowest in more than eight years after its fiscal second-quarter net loss widened to RM44.6 million from RM7.6 million a year earlier.

The stock slid 2.9 percent to 50.5 sen at 9:08 a.m. local time in Kuala Lumpur trading, set for its lowest close since March 2003. -- Bloomberg



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