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

ACE Market-bound GHS posts 1Q net profit of RM1.5mil
AAX redesignates Benyamin Ismail as GM, appoints Bo Lingam as group CEO
Favelle Favco secures RM76.3mil crane orders
IJM confirms MACC, IRB presence at office
CAB Cakaran buys industrial building in Pahang for RM2.8mil
Ringgit firms against greenback on economic resilience
PJBumi forms JV with Chinese firm for oilfield equipment production
Malaysia-born billionaire investor Cheah Cheng Hye puts quarter of wealth in gold
Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push
Opensys wins RM22mil cash recycling machines supply contract

Others Also Read