“The group’s bottom line was impacted mainly by impairments in the heavy industry and property divisions of RM161.3mil, ” Boustead said.
PETALING JAYA: Boustead Holdings Bhd fell into the red in the third quarter due to huge impairments from its heavy industry and property divisions, as well as weaker results in other units.
In a filing with Bursa Malaysia yesterday, the conglomerate posted a loss of RM155mil for the third quarter ended Sept 30 compared to RM7.3mil net profit a year earlier.
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