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Borneo Oil sinks deeper into red in 4Q
by Cals Fri 29 Mar 2013, 02:32
Borneo Oil sinks deeper into red in 4Q
Business & Markets 2013
Written by Zatil Husna Wan Fauzi of theedgemalaysia
Thursday, 28 March 2013 18:43
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KUALA LUMPUR (March 28): BORNEO OIL BHD [] (BO) recorded a net loss of RM6.1 million for its fourth quarter ended Jan 31, 2013, a 155.2% deeper into red compared to net loss of RM2.4 million in the last corresponding quarter.
In a filing to Bursa today, the group said revenue came in at RM9.6 million, a 16.8% increase over the RM8.2 million it brought in last year.
“We expect the performance of the fast food division to improve further as demand for the franchise, both locally and overseas are expected to increase further,” said BO.
Business & Markets 2013
Written by Zatil Husna Wan Fauzi of theedgemalaysia
Thursday, 28 March 2013 18:43
A + / A - / Reset
KUALA LUMPUR (March 28): BORNEO OIL BHD [] (BO) recorded a net loss of RM6.1 million for its fourth quarter ended Jan 31, 2013, a 155.2% deeper into red compared to net loss of RM2.4 million in the last corresponding quarter.
In a filing to Bursa today, the group said revenue came in at RM9.6 million, a 16.8% increase over the RM8.2 million it brought in last year.
“We expect the performance of the fast food division to improve further as demand for the franchise, both locally and overseas are expected to increase further,” said BO.
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