Quick take: Teck Guan shares fall 11% after Q1 net loss

TheStar Thu, Jul 01, 2021 09:16am - 2 years View Original


KUALA LUMPUR: Teck Guan Perdana Bhd fell over 11% in early trade Thursday after posting a net loss in the first quarter ended April 30.

The plantation group tumbled 11.11%, or 15 sen to RM1.20, making it the top loser on Bursa Malaysia.

In the first quarter ended April 30, Teck Guan posted a net loss of RM1.53mil against a net profit of RM4.29mil in the same corresponding quarter last year.

Teck Guan turned from an operating profit of RM5.57mil to an operating loss of RM930,000 compared with the preceding year corresponding quarter.

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