TH Plantations posts RM578mil loss in last quarter

TH Plantations recognised RM594.89mil of impairments, write-offs, write-downs and fair value changes for FY2018, which significantly impacted the group

PETALING JAYA: TH Plantations Bhd has posted a massive RM578mil loss in the last quarter ended Dec 31, as newly appointed chief executive officer (CEO) Muzmi Mohamed begins the painful task of turning around the embattled company.

For the financial year 2018 (FY18), the group made a net loss of RM594.6mil.