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Corporate News 30 Nov 2018 | 11:36 AM Premium

Genting Bhd posts Q3 net loss of RM275m on impairment loss

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.

Business 26 Feb 2009 | 12:00 AM Premium

Resorts World suffers from impairment loss

Resorts World Bhd posted a net loss of RM387.8mil for the fourth quarter ended Dec 31 from a net profit of RM344mil a year ago due to an impairment loss. Without the impairment loss, the company said its fourth quarter would have been profitable.

Corporate News 13 Feb 2018 | 5:08 AM Premium

MISC reports lower FY17 earnings on RM687.5mil impairment loss

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.

Business 24 Feb 2011 | 12:00 AM Premium

Axiata’s Q4 in the red on impairment loss in Indian investment

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.

Community 03 Sep 2013 | 12:00 AM Premium

RM25mil impairment loss on goodwill hurt Harbour-Link’s bottom-line

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.

Business 26 Feb 2014 | 6:21 PM Premium

Unisem sinks with RM90.78m net loss in Q4 due to impairment losses

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.

Corporate News 24 Feb 2016 | 2:27 PM Premium

MBSB slips into the red on impairment loss provisions

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.

Corporate News 14 Feb 2018 | 12:00 AM Premium

MISC expects another choppy year for O&G shipping industry

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.

Corporate News 30 Nov 2018 | 12:10 PM Premium

Genting Malaysia posts Q3 net loss of RM1.49b on impairments

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.