PETALING JAYA: Velesto Energy Bhd has posted a net loss of RM22.22mil in its first quarter ended March 31 compared with a net profit of RM5.02mil in the previous corresponding period, mainly due to a net foreign-exchange (forex) gain of RM18.2mil a year earlier that resulted from the early settlement of revolving credit.
In a filing with Bursa Malaysia yesterday, the company said revenue in the quarter grew to RM127.03mil from RM121.76mil in the previous corresponding period.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!