KUALA LUMPUR: Keck Seng (M) Bhd
reported improved revenue in the last quarter on higher palm oil prices, but the group fell deep into the red after it wrote down the value of a hotel overseas.
The group made a net loss of RM43.9mil in the three-month ended Dec31 compared with a net profit RM23.8mil made a year ago.
Revenue was higher at RM259mil from RM252mil previously.
"The on-going coronavirus outbreak, US-China trade war, geopolitical events, global climate change and volatility of currency exchange will continue to have impacts on the performance of the Group in 2021," Keck Seng said in a filing with Bursa Malaysia today.
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