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Categories
| CCB tumbles on disappointment over dividends |
| Business & Market 2010 | |||
| Written by Joseph Chin | |||
| Friday, 23 July 2010 09:20 | |||
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KUALA LUMPUR: Cycle & Carriage Bintang (CCB) shares, which had rallied in recent weeks, skidded in early trade on Friday, July 23 on investors’ disappointment over the dividends. It declared an interim dividend of 5.0 sen a share compared with RM1.25 a year ago. At 9.14am, CCB was down RM1.24 to RM6.22 with 159,600 shares done. The FBM KLCI jumped 5.92 points to 1,341.97. Turnover was 77.23 million shares valued at RM66.73 million. There were 250 gainers, 47 losers and 105 stocks unchanged. CCB, which sells Mercedes-Benz cars, reported net profit of RM5.88 million in the the second quarter ended June 30, 2010, down 46% to RM5.88 million from the RM10.89 million a year ago where there was a one-off refund on duties.
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