Sarawak Cable posts net loss of RM11.74mil in 2Q

KUALA LUMPUR: PN17 company Sarawak Cable Bhd (SCB) is confident it will continue to be a leading cables and wires manufacturer after undertaking a corporate restructuring and turnaround program.

For its second quarter ended Nov 30, 2022, SCB reported a net loss of RM11.74mil, on revenue of RM146.12mil.

There are no comparative figures as the company’s financial year end has been changed from Dec 31 to May 31.

It reported a basic loss per share of 2.94 sen during the quarter.

For the six-months period ended Nov 30, 2022, SCB reported a net loss of RM12.28mil on revenue of RM325.40mil.

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