ECM Libra posts RM40m profit, returns to the black

  • Business Premium
  • Saturday, 21 May 2005

ECM Libra Bhd recorded net profit of RM40.3mil for the year ended March 31, a turnaround from a loss of RM10.6mil in the previous year. 

The turnaround was due to the change of its business direction from a manufacturing concern to a financial services group involved in corporate finance, stock broking, offshore investment banking and fund management activities, the company said.  

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