Poor start by joint venture hurts MRCB earnings


PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) posted a net loss of RM5.28mil for its fourth quarter ended Dec 31, 2014, compared with a net profit of RM2.22mil in the previous corresponding period.

In a statement to Bursa Malaysia yesterday, the company said earnings were affected by the group’s share of results of a joint venture which incurred losses due to charge out of finance and start-up costs.

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Business , MRCB , results , quarter

   

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