KandN KENANGA Holdings Bhd recorded a pre-tax loss of RM 22.7 million for its nine-month period ended Sept 30, 2010 compared to a pre-tax profit of RM16.7 million in same period a year ago.

Revenue, however, rose to RM205.2 million from RM180.9 million previously, it said in a statement today.

For the third quarter ended Sept 30, 2010, KandN Kenanga posted a pre-tax loss of RM11.99 million versus a pre-tax profit of RM12.7 million previously.

Revenue fell to RM66.8 million from RM81.3 million previously.
The group said its operating profits (GOP) increased to RM40.39 million for the first three quarters of 2010, compared with RM26.9 million for the same corresponding period in 2009.

Going forward, it said, Kenanga Investment would continue to assess its loan portfolio and investments, and where necessary put through the impairments by the end of the financial year. - BERNAMA