Meanwhile, executive chairman and CEO Sam Lim (pic) in a recent report attributed the dismal performance to the significant drop in the US car sales and the impact of the Covid-19 pandemic.
PETALING JAYA: KESM Industries Bhd
, which incurred a net loss in its fourth quarter from a net profit a year ago, could see its earnings recover in the financial year 2021 (FY21), thanks to the recovery in China’s auto sales.
KESM fell to a net loss of RM3.28mil in its fourth quarter ended July 31 from a net profit of RM2.29mil a year ago.
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