Malaysia Pacific Corp losses widen in Q4


In a filing with Bursa Malaysia yesterday, the company said the losses were due to impairment of receivables and the provision of finance costs claimed by the purchaser of Wisma MPL, who paid the full settlement on behalf of the company to RHB Bank Bhd.

PETALING JAYA: Malaysia Pacific Corp Bhd (MPCB) has reported a wider net loss of RM6.63mil in its fourth quarter ended June 30 from RM4.84mil a year earlier.

In a filing with Bursa Malaysia yesterday, the company said the losses were due to impairment of receivables and the provision of finance costs claimed by the purchaser of Wisma MPL, who paid the full settlement on behalf of the company to RHB Bank Bhd.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Malaysia Pacific Corp , losses , widen , Q4 , Bursa , Wisma MPL

Next In Business News

DIY homes: A growing trend
Why speculation hurts homebuyers
More fresh paint forl aneways
Ringgit likely to trade within 4.04-4.07 range next week
China equities set to shine
Banks snatch up mortgage bonds
Thai auto gears up, bumps and all
Offering luxury for less
Markets look beyond Venezuela shock
EV dreams, petrol reality

Others Also Read