RM16mil forex loss pushes Dufu into the red


PETALING JAYA: Dufu Technology Corp Bhd slipped into losses in the third quarter ended Sept 30, 2024 (3Q24), primarily due to a foreign-exchange (forex) loss of RM16.4mil that offset an increase in revenue.

Dufu, which makes precision machining parts, reported a net loss of RM3.2mil for 3Q24 as compared to a net profit RM3.38mil in the previous corresponding quarter, resulting in a loss per share of 0.6 sen.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Bursa poised to perform better next year
SIB disposes of Seremban land for RM25mil
Malaysia’s AAA sovereign rating affirmed
Nexgram focuses on core operations
Cahya Mata’s phosphate plant gradually ramping up
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Perak Transit eyes growth from terminal expansion
Consumer sector posts ESG compliance gains

Others Also Read