Chin Hin’s net profit plunges 56.4%

by TMR

Chin Hin Group Bhd’s net profit plunged 56.4% year-on- year (YoY) to RM8.5 million, or earnings per share of 1.63 sen, for the fourth quarter ended Dec 31, 2017, as revenue slipped 3.09% YoY to RM255.8 million.

In a filing to Bursa Malaysia yesterday, the building materials maker attributed the weaker quarter to lower distribution of building material and ready-mixed concrete.