Konsortium explains earnings deviation


During the period in review, its revenue fell 41% to RM21.3mil from RM36.1mil in the corresponding period of the preceding year. KTB’s shares gained half a sen yesterday to close at four sen.

KUALA LUMPUR: Konsortium Transnasional Bhd (KTB) posted higher audited loss after tax of RM90.50mil for the financial year ended Dec 31,2019 due to impairments.

It announced to Bursa Malaysia yesterday that the losses were higher compared to the unaudited results of a loss after tax of RM34.20mil as announced on Feb 28.

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