Outstanding debts write-off costs Zecon quite dearly

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  • Tuesday, 03 Sep 2013

KUCHING: An impairment loss of RM24.3mil on long outstanding debts has resulted in Zecon Bhd having to “swallow the bullets” as far as its earnings are concerned.

The write-off caused the construction company to incur group’s pre-tax loss of RM16.8mil in this year’s April-June quarter (2Q13) from a pre-tax profit of RM116,000 in the corresponding quarter last year.

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