Jag posts turnaround, sees brighter days ahead

Back in the black: An aerial view of Jag’s plant in Shah Alam. The company reported a net profit of RM2.06mil in FY16 compared with a net loss of RM19.79mil in FY15.

SHAH ALAM: After a tumultuous year in its financial year ended Dec 31, 2015 (FY15), JAG Bhd says that things are looking up again for FY17.

“We have turned the corner in FY16 and posted a turnaround in our bottom line. We reported a net profit of RM2.06mil compared with a net loss of RM19.79mil in FY15,” the company’s chairperson Datin Stacey Tan told StarBiz.