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Bina Goodyear posts net loss of RM163,000

KUALA LUMPUR: Bina Goodyear Bhd posted a net loss of RM163,000 for its second quarter ended Dec 31 2010 (2Q 2010), on the back of revenue of RM59.2 million.

This marked a turnover decrease of 19% from the RM73.4 million posted a year ago, while its net loss was down from the RM486,000 net profit from a year ago.

This was attributed to the near completion of a current contract, said the company on Wednesday, Feb 23.

The company said it is continuously tendering for new contracts and is confident of securing one in the near future.

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