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Bina Darulaman sinks into the red in FY17


KUALA LUMPUR: Construction company Bina Darulaman Bhd posted losses in the fourth quarter ended Dec 31, 2017 and dragged the full year also into the red as revenue shrank sharply due to lower recognition of its ongoing medium cost to high-end residential projects.

It announced on Tuesday it posted net losses of RM7.81mil in FY17 compared with earnings of RM34mil a year ago. Its revenue fell 29.4% to RM251.71mil from RM356.58mil.

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