Teck Guan Perdana Narrows Loss in Fiscal Q4 ended Jan. 31, lower than 5.0 million ringgit a year earlier
Is that a good news or bad news for the shareholders in the background of cocoa prices had just hit all time high yesterday?
Teck Guan Perdana ( $TECGUAN (7439.MY)$ ) incurred a loss attributable to shareholders of 653,000 ringgit in the fiscal fourth quarter ended Jan. 31, basic loss per share narrowed to 0.0163 ringgit from 0.1252 ringgit a year ago, according to a Wednesday Malaysian bourse filing.
Although cocoa segment reports another strong quarter which contributed 8.3% revenue to the group in this quarter, with RM1.4 million profits, up 40% qoq. Its performance was dragged by palm oil segment from provision for impairment losses on doubtful debts.
Perhaps that the worst has passed and better results coming for FY2024.![]()
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Perhaps that the worst has passed and better results coming for FY2024.
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