Net profit at XMH Holdings takes a tumble

XMH Holdings' third quarter net profit tumbled by 40.3 per cent to $2.2 million.

This was despite revenue rising by 35 per cent to $19.3 million.

Gross profit margin slipped to 24.4 per cent from 27 per cent in the previous corresponding period, primarily due to the lower margin from the distribution, and value-added products and services business segment.

Earnings per share fell to 0.56 cent from 0.91 cent previously while net asset value per share increased to 11.23 cents compared to 11.02 cents as of April 30.