SCIB posts net loss of RM36.5mil in 4Q on impairment loss

SCIB managing director and chief executive officer Rosland Othman

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) posted a net loss of RM36.5mil, or loss per share of 7.10 sen in the fourth quarter ended June 30 (4Q) mainly due to net impairment loss in trade and other receivables

The civil engineering specialist registered a revenue of RM26.2mil during the quarter due to higher sales volume of foundation piles from the manufacturing division.