PETALING JAYA: Berjaya Corp
Bhd (BCorp) suffered a net loss of RM92.5mil in its third quarter ended Jan 31, 2018, compared with a net profit of RM22.89mil in the previous corresponding period, as its retail distribution business recorded lower sales during the period.
In a filing with Bursa Malaysia yesterday, the company said earnings were impacted by lower gross profit margin as a result of more aggressive promotional sales for clearance of slow moving products, as well as unfavourable foreign exchange differences recorded in the current quarter.
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