Widad slips into the red in 3Q as revenue slips 22%

Quick Summary:

Widad has not declared any dividends for the current financial year.

Widad’s share price closed half a sen or 1.2% higher at 42 sen on Wednesday (Nov 30), valuing the group at RM1.16 billion.

For the nine-month period ended Sept 30, net profit increased 3.9% to RM12.82 million from RM12.34 million in the previous corresponding period, while revenue rose 55.38% to RM128.37 million from RM82.56 million.

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Article Details

Category: InvestingFinance

Markets: Malaysia

Topics: Profit (nov Sept Ended Group Million Condition Year Revenue Widad Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 12:28:49 (3 months ago)

News Timezone: GMT +8:00

News Source URL: news.google.com

Language: English

Article Length: 260 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 38 words per sentence (average)

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Copyright Owner: © The Edge Markets

News ID: 2073134

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