Benalec land sale to boost earnings

DESPITE the significant losses reported by Benalec Holdings Bhd in its fourth quarter of RM15.63mil for the period ended June 30, 2014, the company’s executives say it was a kitchen-sinking exercise.

One of the factors, chief financial officer Kenneth Chin says, was the interruption during the period leading up to the extraordinary general meeting (EGM) for shareholders to approve the heads of agreement (HoA) undertaken to settle the earlier boardroom tussle.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Foreign outflows slow down on Bursa Premium
KLCI opens higher but drifts lower thereafter Premium
Trading ideas: Bumi Armada, Paragon Globe, Apollo, VS Industry, Hong Seng Premium
Insight - Fear missing in Wall Street’s slow-motion bear market Premium
High commodity prices boost Bursa activity Premium
From great resignation to great rethink Premium
On the right track to secure high- quality deals Premium
Food distributor Fandbee on expansion drive Premium
Media owners’ advertising revenues seen to surge Premium
Lazada launches new brand proposition Premium

Others Also Read