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Boustead Heavy Industries reduces loss in 4Q
by Cals Fri 21 Feb 2014, 01:36
Boustead Heavy Industries reduces loss in 4Q
Business & Markets 2014
Written by Jeffrey Tan of theedgemalaysia.com
Thursday, 20 February 2014 19:06
KUALA LUMPUR (Feb 20): Boustead Heavy Industries Corporation Bhd (BHIC) stayed in the red but with a reduced net loss of RM28 million in the fourth quarter ended Dec 31, 2013, from a net loss of RM80 million in the previous fourth quarter.
But revenue rose 6% year-on-year to RM112 million from RM105 million.
In a filing with the stock exchange, the shipbuilder that is also involved in maritime, engineering and defence-related services recorded full-year profit of RM3 million from a loss of RM139 million a year ago.
Total revenue grew to RM319 million, from RM258 million in the previous year
Business & Markets 2014
Written by Jeffrey Tan of theedgemalaysia.com
Thursday, 20 February 2014 19:06
KUALA LUMPUR (Feb 20): Boustead Heavy Industries Corporation Bhd (BHIC) stayed in the red but with a reduced net loss of RM28 million in the fourth quarter ended Dec 31, 2013, from a net loss of RM80 million in the previous fourth quarter.
But revenue rose 6% year-on-year to RM112 million from RM105 million.
In a filing with the stock exchange, the shipbuilder that is also involved in maritime, engineering and defence-related services recorded full-year profit of RM3 million from a loss of RM139 million a year ago.
Total revenue grew to RM319 million, from RM258 million in the previous year
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