Iris falls 9.1% on posting largest net loss to date
KUALA LUMPUR (June 1): Iris Corp Bhd fell 9.09% in active trade this morning after the company reported its largest net loss to date of RM291.92 million for the fourth quarter ended March 31, 2017 (4QFY17) due mainly to a one-off non-cash impairment arising from the group’s corporate restructuring plan.
At 9.02am, Iris fell 1.5 sen to 15 sen with 10.65 million shares done.
This compares with a net profit of RM1.52 million reported by the group for 4QFY16, and a net loss of RM1.79 million for 3QFY17.
Revenue for the quarter rose 13.83% to RM119.35 million from RM104.84 million in 4QFY16.— theedgemarkets.com
Never miss out
Sign up to get breaking news, unique insights, event invites and more from EdgeProp.
Latest publications
Malaysia's Most
Loved Property App
The only property app you need. More than 200,000 sale/rent listings and daily property news.
