MSM Malaysia’s 3Q net loss widens to RM49.7mil on forex loss

KUALA LUMPUR: MSM Malaysia Holdings Bhd’s net loss widened to RM49.7mil in the third quarter ended Sept 30, compared with RM36.1mil in the same period last year.

The sugar manufacturer said the loss for the period is attributable to a foreign exchange translation loss of RM18.77mil as a result of the rapid appreciation of the ringgit against the US dollar.