Protasco starting on a clean slate

  • Business
  • Saturday, 01 Jun 2019

Chong: Protasco is currently on a steady path to recovery and we are working hard to return to full profitability.

COULD construction and property player PROTASCO BHD be a stock worth watching now that its boardroom tussle and one-off impairments have come to a close?

The company seems to have kitchen-sinked all of its skeletons in the fourth quarter of 2018, when it took a RM41.6mil hit to its bottom line on the back of cost overruns, provisions, impairments and retrenchment costs.

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