KUALA LUMPUR: Konsortium Transnasional Bhd
(KTB) posted higher audited loss after tax of RM90.50mil for the financial year ended Dec 31,2019 due to impairments.
It announced to Bursa Malaysia yesterday that the losses were higher compared to the unaudited results of a loss after tax of RM34.20mil as announced on Feb 28.
“The deviation is mainly due to the impact of Covid-19 which has resulted the company to recognise additional impairment on goodwill and receivables and recognition of deferred tax assets to current year statement of profit and loss, ” it said.
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