Friday, December 30, 2011

Trinity dips despite narrowing 3Q net losses

KUALA LUMPUR (Dec 30): Trinity Corporation Bhd (formerly TALAM CORPORATION BHD []) shares dipped in early trade on Friday despite the company narrowing its net loss to RM29.26 million in the third quarter ended Oct 31, 2011 from net loss RM83.29 million a year ago.

At 9.25am, Trinity was down half a sen to 6 sen with 2.5 million shares traded.

The company said on Thursday that the losses were due to an impairment provision of RM9.20 million made on a piece of development land to be sold to a third party and also provisions made for doubtful debts of RM14.93 million.


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