Encorp hurt by softer property market


KUALA LUMPUR: Encorp Bhd posted net losses of RM10.60mil in the second quarter ended June 30 from earnings of RM1.5mil a year ago.

The property and construction company said yesterday that its revenue fell 50.3% to RM59.18mil from RM119.14mil a year ago. Its loss per share was 3.81 sen compared with earnings per share of 0.65 sen.

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