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.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.