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NewsTA Global 2Q loss widens to RM3.3m on FX losses
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TA Global 2Q loss widens to RM3.3m on FX losses
by Cals Wed 25 Sep 2013, 00:42
TA Global 2Q loss widens to RM3.3m on FX losses
Business & Markets 2013
Written by Cynthia Blemin of theedgemalaysia.com
Tuesday, 24 September 2013 18:34
KUALA LUMPUR (Sept 24): TA Global Bhd posted a net loss of RM3.3 million for the second quarter ended July 31 compared to a loss of RM824,000 a year ago.
The property company said the loss for the quarter was due to foreign exchange losses caused by the weakening of the ringgit.
According to a filing on Bursa today, TA Global reported revenue of RM152.3 million for the current second quarter compared to revenue of RM147.8 million achieved in the previous corresponding period.
“Although the revenue has slightly increased, a loss was recorded for this quarter due to the foreign exchange loss resulting from the strengthening of US dollar against the reporting currencies of the group,” it said.
Business & Markets 2013
Written by Cynthia Blemin of theedgemalaysia.com
Tuesday, 24 September 2013 18:34
KUALA LUMPUR (Sept 24): TA Global Bhd posted a net loss of RM3.3 million for the second quarter ended July 31 compared to a loss of RM824,000 a year ago.
The property company said the loss for the quarter was due to foreign exchange losses caused by the weakening of the ringgit.
According to a filing on Bursa today, TA Global reported revenue of RM152.3 million for the current second quarter compared to revenue of RM147.8 million achieved in the previous corresponding period.
“Although the revenue has slightly increased, a loss was recorded for this quarter due to the foreign exchange loss resulting from the strengthening of US dollar against the reporting currencies of the group,” it said.
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