KUALA LUMPUR: Shares of Berjaya Media fell to a four month low of 33 sen on Thursday after it posted wider losses in the fourth quarter ended April 30, 2017 and triggered the Practice Note 17 criteria.
At 10.42am, it was down five sen to 37 sen with 92,700 shares done. At 33 sen earlier, this was the lowest since Feb 22.
The FBM KLCI rose 0.56 of a point or 0.03% to 1,776.13. Turnover was 474.10 million shares valued at RM302.02mil. There were 310 gainers, 271 losers and 324 counters unchanged.
Berjaya Media posted net losses of RM21.12mil in the financial year ended April 30, 2017, which were much wider than the net losses of RM15.91mil a year ago. Revenue dipped to RM42.75mil from RM44.53mil.
In the fourth quarter, its net losses rose to RM14mil from RM3.52mil a year ago. Revenue was higher at RM9.07mil from RM8.54mil. Loss per share was 5.96 sen compared with 1.5 sen.
Berjaya Media was announced it was an affected listed issuer as it had triggered the prescribed criteria under PN 17.
“Based on the unaudited interim financial results of Berjaya Media for the fourth quarter ended April 30, 2017, the shareholders’ equity of Berjaya Media on a consolidated basis of less than RM40mil represented 25% or less of its issued capital,” it said.
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