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Doubt about its ability to continue as a going concern
SINGAPORE (The Straits Times/ANN): Singapore Airlines racked up a whopping $4.27 billion net loss for the year after the worst crisis in its history sent passenger traffic dropping 98 per cent and grounded the bulk of its fleet.
KUALA LUMPUR: EA Technique (M) Bhd, a marine transportation and oil storage company, made a huge loss in the last quarter on lesser charter hire and additional impairment charges on its vessels.
SINGAPORE, Feb 27 (Bloomberg): Singapore’s richest property dynasty vowed to get back on course after a S$1.78 billion (US$1.3 billion) writedown on a Chinese deal led to a record annual loss.
Group wants to help stimulate economic recovery
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) recorded profit after tax (PAT) of RM10.5bil for FY2020, excluding impairments, which was 78% lower compared to RM48.8bil in FY19.
KUALA LUMPUR: Sime Darby Property Bhd has set a higher sales target of RM2.4bil for 2021, off the back of a target-beating sales performance in 2020.
PETALING JAYA: With lower number of patients visiting its hospitals amid the movement restriction measures, KPJ Healthcare Bhd’s net profit plummeted sharply by nearly 70% year-on-year (y-o-y) in the fourth quarter ended Dec 31,2020.
KUALA LUMPUR: KPJ Healthcare Bhd posted a steep drop in quarterly earnings as patients postponed hospital visits due to the Covid-19 pandemic.