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KUALA LUMPUR: Genting Bhd swung into the red in the third quarter ended Sept 30, 2018 with net losses of RM275.79mil mainly due to impairment losses on the group’s investment in the promissory notes issued by a native American tribe for the development of an integrated gaming resort in the US on a piece of tribal land.
KUALA LUMPUR: MISC Bhd posted lower earnings of RM1.98bil in the financial year ended Dec 31, 2017 due to the impairment loss of ships, property, plant and equipment, offshore floating asset and other investment totalling RM687.5mil.
KUALA LUMPUR: Telecommunications service provider Axiata Group Bhd posted a net loss of RM367mil for the fourth quarter (Q4) ended Dec 31, 2010, due to impairment loss on its investment in an India-based associate. This compared with a net profit of RM558mil for the corresponding period last year.
KUCHING: An impairment loss of RM25.5mil on goodwill has cut Harbour-Link Group Bhd group’s pre-tax profit by half on year-on-year basis.
KUALA LUMPUR: Unisem (M) Bhd posted net loss of RM90.78mil in the fourth quarter ended Dec 31, 2013, battered by impairment loss on goodwill of RM66.81mil due to its PT Unisem operations.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) suffered a net loss of RM15.81mil in the fourth quarter ended Dec 31, 2015, compared with a net profit of RM393.07mil in the previous corresponding period, mainly due to allowances for higher impairment losses.
PETALING JAYA: MISC Bhd, which posted an 87% drop in net profit year-on-year for its fourth quarter ended Dec 31 due to higher impairment loss, is expecting another choppy year for the oil and gas (O&G) shipping industry.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted wider net losses of RM397.02mil in the second quarter ended June 30,2020 due to an impairment loss of RM300mil.
KUALA LUMPUR: Genting Malaysia Bhd (GentM) posted net losses of RM1.49bil in the third quarter ended Sept 30, 2018 mainly due to impairment loss on the group’s investment in the promissory notes issued by the native American tribe for the development of an integrated gaming resort in the US on a piece of tribal land.