Zecon sinks into the red in 4Q, plans another private placement

Zecon sinks into the red in 4Q, plans another private placement

The Edge Markets - Malaysia·2019-08-30 23:32

KUALA LUMPUR (Aug 30): Zecon Bhd has sunk into the red with a net loss of RM10.98 million, with a loss per share of 8.38 sen, in its fourth quarter ended June 30, 2019 (4QFY19), as revenue dived 60.48% to RM79.85 million while finance costs came in higher.

In contrast, the group recorded a net profit of RM33.22 million with an earnings per share of 26.57 sen a year ago, when it booked revenue of RM202.06 million. Finance costs, which was at RM4.63 million a year ago, rose 56% to RM7.2 million in 4QFY19.

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