Wednesday, April 13, 2011

Guocoland posts net loss of RM3.64m in 3Q

KUALA LUMPUR: Guocoland Bhd posted net loss of RM3.64 million in the third quarter ended March 31, 2011, which was narrower compared with net losses of RM5.65 million a year ago.

It reported revenue of RM23.95 million, down from RM42.42 million a year ago. Loss per share was 0.54 sen compared with 0.84 sen.

For the nine-months, its net loss was RM2.38 million compared with net profit of RM2.49 million in the previous corresponding period. Revenue was RM84.29 million versus RM130.49 million a year ago. Its net asset per share was RM1.12.

According to the notes to the accounts, it had short-term and long-term borrowings of RM786 million as at March 31, 2011.

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