Borneo Oil returns to black


KUCHING: Borneo Oil Bhd, which owns fast food chain SugarBun, is back in the black, with positive contributions to group profits from all its business segments.

For the second quarter ended July 31, group pre-tax profit stood at RM4.4mil, a reversal from a pre-tax loss of RM1.1mil in the corresponding period last year, as revenue doubled to RM16.1mil from RM8mil. Earnings per share was 2.19 sen against a loss of 0.6 sen previously.

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