Keck Seng net loss widens to RM44m in 4Q on impairment loss

Keck Seng net loss widens to RM44m in 4Q on impairment loss from overseas hotel


KUALA LUMPUR (March 15): Keck Seng (Malaysia) Bhd’s fourth quarter net loss widened to RM43.92 million from RM11.45 million in the immediate preceding quarter, despite stronger revenue, due to an impairment loss from an overseas hotel.
As such, the integrated palm oil producer and property developer's loss per share for the fourth quarter ended Dec 31, 2020 (4QFY20) increased to 12.22 sen from 3.19 sen in 3QFY20, its exchange filing today showed.
Quarterly revenue jumped 17.24% to RM259.1 million from RM213.31 million, due to higher selling price of refined palm oil sold, and increased number of units sold for its residential properties at Tanjong Puteri Resort and its commercial properties at Bandar Baru Kangkar Pulai, both in Johor.

Related Keywords

Kuala Lumpur , Malaysia , Tanjong Puteri , Melaka , Johor , Keck Seng , Bandar Baru Kangkar Pulai , , Tanjong Puteri Resort , குவாலா லம்பூர் , மலேசியா , மேலாக , ஜோஹோர் , கேக்க் செங் ,

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