KUALA LUMPUR (Sept 6): Shares in Destini Bhd fell 21.05% in morning trade on Tuesday (Sept 6), despite the company having denied that it has been classified as a Practice Note 17 (PN17) company or that it was set to be delisted on Monday.
At 9.40am, Destini had fallen two sen to 7.5 sen, with 8.92 million shares traded.
In a statement on Monday, it said that any such announcements would have been announced in accordance with Bursa Malaysia’s Main Market Listing Requirements.
On Aug 30, Destini reported a net loss of RM1.29 million, versus a net profit of RM1.16 million a year earlier, for the second quarter ended June 30, 2022.
Revenue for the quarter edged up to RM32.75 million versus RM30.34 million previously.
For the six months ended June 30, 2022, Destini reported a net loss of RM730,000 against a net profit RM2.28 million, on the back of a lower revenue of RM58.82 million against RM116.88 million.