25th Oct 2019 12:10
(Alliance News) - Cash shell Hidong Estate PLC on Friday reproted an interim profit on reduced expenses.
In the six months to September 30, pretax profit grew by 21% year-on-year to RM131,513, roughly GBP24,476.
Administrative expenses shrunk by 31% to RM54,667 from RM78,883 from the first half of last year.
Hidong has been a cash shell since selling its natural rubber and oil palm fresh fruit operations in 2006.
Hidong shares were untraded Friday, last quoted at 50.00 pence each.
By Eric Cunha; [email protected]
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