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I-Berhad records net loss of RM564,000 for 3Q

KUALA LUMPUR: I-Berhad recorded a net loss of RM564,000 compared to a net loss of RM1.860 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.

However, revenue earned during the same period rose a whopping 955% to RM2.71 million from RM257,000 a year ago. The group attributed to the improvement to higher leasing revenue.

The basic loss per share for the quarter under review is 0.53 sen compared to the loss per share of 1.75 sen a year ago. The net assets per share dropped to RM1.47 from RM1.51 as at the preceding financial year end.

Through its subsidiaries, I-Berhad operates in property development and property investment.
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