KUALA LUMPUR (Nov 4): SLP Resources Berhad's net profit fell 33.9% to RM6.2 million in the third quarter ending on Sept 30, 2016, from RM9.39 million share a year ago. It also announced a 1.5 sen second single-tier interim dividend for the period, payable on Jan 6. For the nine-month period, its net profit dropped by 14.3% to RM17.3 million, from RM20.3 Million. In contrast, the group recorded a net gain in foreign currency exchange of RM6.3 million in the same period last year. With new product development and capacity expansion, the group expects to achieve higher sales volume for the remaining financial quarter and deliver satisfactory financial results for the financial year ending Dec 31, 2016 (FY16).

Source: The Edge Markets November 04, 2016 12:11 UTC