Boustead Holdings reports improved performance.
KUALA LUMPUR: Boustead Holdings Bhd narrowed its net loss to RM7.3 million in the second quarter ended June 30, 2021 compared with a net loss of RM73.7 million a year ago amid an improved performance from all divisions within the group.
The company, one of Malaysia’s oldest conglomerates, also attributed the better performance to a higher share of results from associates and joint ventures as well as recognition of a one-off gain on disposal of an investment property worth RM13.1 million.
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