Published: Wednesday June 9, 2010 MYT 11:04:00 AM
Kenmark shares down
KUALA LUMPUR: Troubled furniture maker Kenmark Industrial, the company which posted massive losses for the fourth quarter ended March 31, 2010 (Q4), saw its share price plunge from 26 sen at open to 18.5 sen at 10.30am Wednesday trade.
Kenmark’s counter was suspended by Bursa Malaysia at 9am yesterday pending clarification from the company on its losses for Q4.
The company revealed a net loss of RM146 million for Q4 versus RM84,000 for the same period a year ago.