A working is controlling the ERW pipe machine at the production line in Hiap Teck Venture Bhd's factory. (Filepic)
PETALING JAYA: Steel pipe maker Hiap Teck Venture Bhd
posted a net loss of RM137.87mil for its fourth quarter ended July 31 from a net profit of RM7.88mil in the same period a year ago.
Its performance was weighed down by a non-cash impairment loss amounting to RM266.15mil on its property, plant and equipment.
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