Another quarterly loss at IJM Plantations in 1QFY20

Another quarterly loss at IJM Plantations in 1QFY20

The Edge Markets - Malaysia·2019-08-28 18:27

KUALA LUMPUR (Aug 28): IJM Plantations Bhd, whose share price has been hovering at a 10-year trough, slipped into the red again for the first financial quarter ended June 30 (1QFY20), no thanks to soft crude palm oil (CPO) prices and lower sales volume.

However, the plantation group’s net loss narrowed to RM4.77 million in 1QFY20 compared with RM19.57 million a year ago. Quarterly revenue came in lower at RM133.06 million against RM183.14 million in the previous corresponding quarter. Loss per share shrank to 0.54 sen in the quarter under review compared with 2.22 sen a year ago, according to the group’s filing with Bursa Malaysia this evening.

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