Berjaya Land posts RM189.5mil loss

Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

PETALING JAYA: Berjaya Land Bhd posted a net loss of RM189.53mil for the financial year ended April 30, 2018, mainly due to a lower pre-tax profit caused by impairments made on certain available-for-sale investments, assets held for sale and property, plant and equipment, amounting to approximately RM223.8mil.

According to a Bursa Malaysia filing, Berjaya Land also reported unfavourable foreign exchange translation effect due to the strengthening of the ringgit and lower share of profits from its associated companies.