Bintai Kinden posts 1Q net loss of RM1.3mil

In a statement to Bursa Malaysia on Wednesday, the mechanical and electrical (M&E) engineering company reported the net losses were in contrast with the net profit of RM11.10mil a year ago.

KUALA LUMPUR: Bintai Kinden Bhd, whose share price had surged recently on its vaccine venture, reported net losses of RM1.31mil in the first quarter ended June 30 due to the fallout from the Movement Control Order (MCO).

In a statement to Bursa Malaysia on Wednesday, the mechanical and electrical (M&E) engineering company reported the net losses were in contrast with the net profit of RM11.10mil a year ago.