WTK returns to the black on deconsolidation gain

KUALA LUMPUR: WTK Holdings Bhd swung to a net profit of RM63.18mil for the first quarter ended March 31, 2018, from a net loss of RM4.28 million a year earlier mainly due to a RM120.23mil gain on the deconsolidation of a wholly-owned subsidiary.

Revenue fell to RM183.23mil from RM209.52mil previously as it recorded lower timber sales due to shortage of quality logs.