Thursday, 10 May 2012

KKB retreats on weaker 1Q earnings

KUALA LUMPUR (May 10): KKB ENGINEERING BHD []'s shares retreated on Thursday after its net profit for the first quarter ended Mar 31, 2012 fell 60.82% to RM7.71 million from RM19.68 million a year ago,

At 9.40m, KKB fell three sen to RM1.62 with 54,700 shares done.

The company atrributed the fall in earnings to the completion of major projects in 2011 and the absence of new projects for both its CONSTRUCTION [] and steel fabrication divisions.

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