Green Packet losses narrow in Q3

Managing director and chief executive officer Puan Chan Cheong (pic) said the group’s quarter-on-quarter progress is a positive signal that it is heading towards a strong year-end

KUALA LUMPUR: Green Packet Bhd posted lower earnings before interest, taxes, depreciation and ammortisation (Ebitda) losses in its third quarter ended Sept 30, 2021 (Q3), narrowing the gap to RM17.84mil from RM39.05mil in the immediate preceding quarter (Q2).

In a statement yesterday, the group said its net losses in Q3 also reduced to RM19.15mil from RM49.24mil in Q2.