KUALA LUMPUR (Feb 17): Shell Refining Company (Federation of Malaysia) Bhd’s share price fell on Monday after it posted losses of RM99.49 million in the fourth quarter ended Dec 31, 2011 and RM125.74 million losses for FY11.
At 4.29pm, it was down 14 sen to RM9.66 with 47,200 shares done.
The FBMKLCI was just 0.83 of a point higher at 1,557.98. Turnover was 1.68 billion shares valued at RM1.36 billion. The market turned cautious as profit taking set in, with 318 gainers, 496 losers and 327 stocks unchanged.
Last Friday, Feb 17, Shell Refining said for the 4QFY11, the net losses of RM99.49 million were a stark contrast to net profit of RM114.66 million a year ago.
Shell Refining said its 4QFY11 revenue was 32.8% higher at RM3.369 billion compared with RM2.537 billion.
However, its cost of sales was RM3.415 billion versus RM2.371 billion a year ago. Loss per share was 33.16 sen compared with earnings per share of 38.22 sen.
For FY11, its net loss was RM125.74 million compared with net profit of RM106.38 million a year ago.
It recorded revenue of RM11.212 billion, an increase of 8% from RM10.376 billion a year ago.