Vivocom falls after co reports 4Q net loss

KUALA LUMPUR (March 1): Vivocom International Holdings Bhd shares fell as much as one sen or 11% to eight sen after the construction company said fourth quarter net loss stood at RM2.64 million compared to a net profit of RM821,000 a year earlier.

At 10:20am, Vivocom, which was traded among Bursa Malaysia's 10 most-active counters, saw some 31 million shares transacted.

Yesterday, Vivocom said full-year net profit for financial year ended Dec 31, 2017 dropped to RM14.59 million from RM53.9 million a year earlier. Revenue fell to RM181.73 million from RM365.03 million, the company said. — theedgemarkets.com

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