KUALA LUMPUR: EUROSPAN HOLDINGS BHD [] swung into the red with net loss of RM4.64 million in the financial year ended May 31, 2011 (FY May 2011) compared with a small net profit of RM472,000 in the previous financial year FY2010.
It reported on Monday, July 25 that revenue was marginally higher at RM62.54 million compared with RM62.13 million while loss per share (LPS) was 10.88 sen compared with earnings per share of 1.17 sen.
Eurospan said loss before tax was RM5.36 million, which a decline of RM5.67 million when compared with the profit before tax of RM310,000 in FY10.
'Overall, the contrasting results were mainly due to the appreciation of ringgit Malaysia, different product mix and higher operating costs for the current financial year under review,' it said.
For the fourth quarter ended May 31, 2011, it posted net loss of RM2.16 million compared with net profit of RM163,000 a year ago. Revenue was lower at RM13.82 million compared with RM15.90 million. LPS was 4.8 sen compared with EPS of 0.4 sen.
It reported on Monday, July 25 that revenue was marginally higher at RM62.54 million compared with RM62.13 million while loss per share (LPS) was 10.88 sen compared with earnings per share of 1.17 sen.
Eurospan said loss before tax was RM5.36 million, which a decline of RM5.67 million when compared with the profit before tax of RM310,000 in FY10.
'Overall, the contrasting results were mainly due to the appreciation of ringgit Malaysia, different product mix and higher operating costs for the current financial year under review,' it said.
For the fourth quarter ended May 31, 2011, it posted net loss of RM2.16 million compared with net profit of RM163,000 a year ago. Revenue was lower at RM13.82 million compared with RM15.90 million. LPS was 4.8 sen compared with EPS of 0.4 sen.
No comments:
Post a Comment