CIMB Research said the healthy cement demand, which supported the 20% year-on-year growth in first-half 2014 revenue, could moderate in the second half.
KUALA LUMPUR: Aberdeen Asset Management PLC has ceased to be a substantial shareholder of Tasek Corporation Bhd
after it disposed of 7.60 million shares on March 18.
Filings with Bursa Malaysia on Wednesday shows the shares of the loss-making cement manufacturer were disposed of in two tranches of 4.69 million shares and 2.90 million shares.
Tasek posted net losses of RM21.80mil in the financial year ended Ded 31, 2018 compared with net profit of RM1.01mil in FY17.
In Q4 of 2018, it posted net losses of RM6.74mil compared with RM5.92mil a year ago.
It cited the losses were due mainly to lower average net selling price for both cement and ready-mixed concrete following the continuous intense pricing competition in the domestic market and compounded by lower ready-mixed concrete sales volume.
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