Subur Tiasa net losses widen in fourth quarter

TheStar Fri, Sep 28, 2018 08:05am - 5 years View Original


The Sibu-based timber firm told Bursa Malaysia that its net loss in the fourth quarter ended July 31 widened to RM13.17mil from RM8.59mil in the previous corresponding quarter.

The Sibu-based timber firm told Bursa Malaysia that its net loss in the fourth quarter ended July 31 widened to RM13.17mil from RM8.59mil in the previous corresponding quarter.

PETALING JAYA: Subur Tiasa Holdings Bhd ended its financial year 2018 (FY18) with a fourth consecutive quarter of net losses on the back of a slump in its topline.

The Sibu-based timber firm told Bursa Malaysia that its net loss in the fourth quarter ended July 31 widened to RM13.17mil from RM8.59mil in the previous corresponding quarter.

Revenue was down 39% year-on-year (y-o-y) to RM70.4mil, as its oil palm and timber businesses recorded lower toplines.

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