MSM posts loss after tax

Despite a sequential pick-up in domestic volumes, the research unit said ASPs have yet to recover due to the protracted glut in sugar supply as a result of approved permits (AP) as well as smuggled sugar

KUALA LUMPUR: MSM Malaysia Holdings Bhd (MSM) registered a loss after tax of RM10.39mil against a profit after tax of RM9.32mil a year ago for its fourth quarter ended Dec 31, 2018.

Revenue for the October to December quarter fell 16.43% to RM531.13mil against RM635.56mil a year ago.