PETALING JAYA: Berjaya Land Bhd posted a net loss of RM189.53mil for the financial year ended April 30, 2018, mainly due to a lower pre-tax profit caused by impairments made on certain available-for-sale investments, assets held for sale and property, plant and equipment, amounting to approximately RM223.8mil.
According to a Bursa Malaysia filing, Berjaya Land also reported unfavourable foreign exchange translation effect due to the strengthening of the ringgit and lower share of profits from its associated companies.