KUALA LUMPUR (May 30): Shares in D&O Green Technologies Bhd fell more than 10% to its lowest level since May 2022, after its net profit tumbled 97.17% to RM863,000 for the first quarter ended March 31, 2023 (1QFY2023), from RM30.45 million a year earlier. At 10.01am, D&O fell 10.03% or 39 sen to RM3.50, with 2.73 million shares done. The stock had earlier slipped to a low of RM3.49. D&O's revenue declined 11.13% to RM214.72 million, from RM241.6 million in 1QFY2022, primarily as a result of the lower sales of China-manufactured cars, and an overhang of car inventory in China.

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