KUALA LUMPUR: Ahmad Zaki Resources Bhd
(AZRB) posted a net loss of RM20.62mil in the fourth quarter ended June 30 (4Q21) against a net profit of RM30.54mil in the same quarter a year prior.
The group recorded a pre-tax loss of RM8mil in 4Q21 against a pre-tax profit of RM48.8mil recorded in the previous corresponding quarter.
AZRB said the pre-tax results for both quarters were largely impacted by unrealised foreign exchange gains in the plantation division.
“Adjusting for the impact of unrealised forex results, the group’s pre-tax loss narrowed to RM10.7mil from RM26.6mil previously, a 59.9% reduction in losses,” it said in the notes accompanying its financial results.
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