The company attributed the lower loss to higher gross profit, gain from disposal of subsidiaries and lower provision for doubtful debts, which was off-set against a provision for impairment of inventory.
PETALING JAYA: Talam Transform Bhd
’s net loss for its third quarter ended Oct 31, 2018 widened to RM3.91mil compared with RM3.51mil in the previous corresponding period, mainly due to a provision for impairment of inventory.
Revenue in the third quarter jumped to RM15.36mil from RM2.98mil a year earlier, mainly due to higher construction revenue and higher sale of inventories, particularly from the Bukit Beruntung area.
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