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.