Talam Transform Q3 net loss widens to RM3.91mil

TheStar Wed, Jan 02, 2019 09:32am - 5 years View Original


The company attributed the lower loss to higher gross profit, gain from disposal of subsidiaries and lower provision for doubtful debts, which was off-set against a provision for impairment of inventory.

The company attributed the lower loss to higher gross profit, gain from disposal of subsidiaries and lower provision for doubtful debts, which was off-set against a provision for impairment of inventory.

PETALING JAYA: Talam Transform Bhd ’s net loss for its third quarter ended Oct 31, 2018 widened to RM3.91mil compared with RM3.51mil in the previous corresponding period, mainly due to a provision for impairment of inventory.

Revenue in the third quarter jumped to RM15.36mil from RM2.98mil a year earlier, mainly due to higher construction revenue and higher sale of inventories, particularly from the Bukit Beruntung area.

For the nine-month period ended Oct 31, 2018, Talam reported a net loss of RM14.21mil compared with RM15.05mil in the previous corresponding period, while revenue increased to RM39.48mil from RM31.08mil a year earlier.

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