WZ Satu slips into net loss on cost overruns and impairment


Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

PETALING JAYA: WZ Satu Bhd slipped into a net loss of RM77.62mil in its fourth quarter ended Aug 31, compared with a net profit of RM3.49mil in the corresponding period last year.

In a filing with Bursa Malaysia, the group attributed its losses to cost overruns arising from project disputes in its oil and gas (O&G) and civil engineering and construction divisions.

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