Thursday, October 27, 2011

Bursa Securities rejects Samudra's bid for more time

KUALA LUMPUR: Bursa Malaysia Securities Bhd has rejected KEJURUTERAAN SAMUDRA TIMUR BHD []'s application for more time to submit its audited statements for the financial year ended June 30, 2011.

The company said Bursa had informed it of the rejection in a letter on dated Thursday, Oct 27.

Samudra had on Oct 19 announced it had submitted an application to Bursa Securities for an extension of time to announce/submit the audited financial statements.

It posted net loss of RM14.80 million on back of RM68.08 million in revenue for FY end June 30, 2011. It was also in the red, recording losses of RM13.71 million on the back of revenue of RM60.04 million in FY10.

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