PETALING JAYA: Kulim (M) Bhd has posted a net loss of RM1.28bil compared to a net profit of RM120.55mil a year ago for its fourth quarter ended Dec 31, 2012 due to the impairment losses of its associate and lower crude palm oil (CPO) prices.
In a filing with Bursa Malaysia, the company said it had made an impairment loss of RM1.28bil due to an impairment test made on its 49%-owned New Britain Palm Oil Ltd, based on Financial Reporting Standards 136.
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