Bursa Malaysia Stock Watch
Scomi posts Q4 pre-tax loss of RM33.7m
kltrader
Publish date: Sat, 26 Feb 2011, 09:19 AM
kltrader
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Scomi Engineering Bhd recorded a pre-tax loss of RM33.71 million in the fourth quarter ended Dec 31, 2010 from a pre-tax profit of RM11.27 million in the same period 2009.
In a filing to Bursa Malaysia today, it said revenue dropped to RM107.22 million from RM137.52 million.
For the whole financial year, the company posted a pre-tax loss of RM16.65 million from a pre-tax profit of RM69.31 million in the previous year.
Revenue for the year declined to RM400.78 million from RM537.72 million previously.
Scomi Engineering said it expected the company's performance to improve this year with prospects of contribution from new monorail projects, and it would focus on project execution and cost management. -- Bernama
In a filing to Bursa Malaysia today, it said revenue dropped to RM107.22 million from RM137.52 million.
For the whole financial year, the company posted a pre-tax loss of RM16.65 million from a pre-tax profit of RM69.31 million in the previous year.
Revenue for the year declined to RM400.78 million from RM537.72 million previously.
Scomi Engineering said it expected the company's performance to improve this year with prospects of contribution from new monorail projects, and it would focus on project execution and cost management. -- Bernama
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