fell deeper into the red for the financial year ended Dec 31, 2020, but the IT company is banking on the government s planned digital initiatives this year to boost its recovery in 2021.
Mesiniaga made a loss of RM3.9mil on revenue of RM58.5mil in the last quarter, For the full year, the company registered a net loss of RM9.3mil as sales declined to RM198mil. The reduction in revenue and the loss incurred in 202 were due to the Covid-19 pandemic, the company told Bursa Malaysia today.
It predicted that the business environment to remain challenging in the first half of 2021.
KUALA LUMPUR: Malaysia continues to be a competitive investment destination despite the current uncertainties, proven by its rankings in the global ec.
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