EPCC losses drag SCIB into the red 


KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) fell into the red in the Apr-June quarter due to losses suffered by its engineering, procurement, construction and commissioning (EPCC) division.

"The loss during the current quarter under review was mainly due to increase in project cost and impairment loss of RM14.4mil," SCIB said in a filing today.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SCIB , EPCC

   

Next In Business News

EV growth boosts Malaysia's innovation transition in mobility setor - BMW Malaysia
UK inflation holds at 2.2% in August as BoE considers rates
Dollar drops vs yen, Asia stocks struggle as Fed looms
Scientex Packaging records net profit of RM6.81mil in 4Q
Pekat unit bags RM115mil EPCC contract in Perak
Bursa Malaysia retreats as investors choose caution ahead of US rate decision
Tupperware files for bankruptcy protection as demand slumps for its colorful containers
MYEG rises 8.6% in early trade
Airbus expansion in Malaysia offers promising avenue for green aviation
Domestic sectors to get a shot in the arm as US weighs lowering lending rates

Others Also Read