Diversified businesses mitigate impact of pandemic


PETALING JAYA: Boustead Holdings Bhd’s net loss for its fourth quarter ended Dec 31,2020, reduced to RM352.30mil from a net loss of RM1.13bil in the previous corresponding period, as it recorded a lower impairment of property, plant and equipment, right-of-use assets and goodwill of RM159.3mil.

In a filing with Bursa Malaysia, the company said its revenue in the fourth quarter dropped to RM2.21bil compared with RM2.54bil in the previous corresponding period.

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