’s shares climbed in early trade Friday, after it reported earnings that were broadly in line with expectations.
Its revenue declined 3.3% to RM1.53bil from RM1.58bil a year prior while earnings per share fell to 3.40 sen against 4.02 sen previously. “We deem this to be in line as the Prosperity Tax is considered a one-off. 9M21 one-off items include accrual clean up a net of tax amounted to RM5mil; merger-related cost and tax penalty refund totalled RM22mil; and Prosperity Tax which is estimated to be RM123mil,” it said.
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