BOUSTEAD Holdings Bhd has swung back to profitability with a pre-tax profit of RM155mil on turnover of RM983mil for the financial year ended Dec 31, 2002. It had posted a RM15mil pre-tax loss and RM1.024bil turnover in 2001.
The turnaround is attributable to Affin Holdings Bhd's return to profitability from the previous year's loss of RM571mil to a RM170mil profit for the period under review, Boustead said in a statement.
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