Quality Concrete revenue up but losses widen


KUCHING: Quality Concrete Holdings Bhd’s yearly losses have widened due to higher impairment of receivables and inventories.

The Kuching-based construction and property firm posted group’s pre-tax loss of RM9.9mil for the financial year ended Jan 31, 2015 against RM9.8mil a year ago despite a 14.6% increase in revenue to RM174.2mil from RM152mil. Losses per share was 14.16 sen.

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