Lebar Daun 3Q net loss at RM1.1m

KUALA LUMPUR: Lebar Daun Bhd has posted a net loss of RM1.1 million for its third quarter (3Q) ended Sept 30, 2010, from net profit of RM359,000 a year ago on the back of impairment allowance for trade receivables not provided for a year ago.

The group's revenue rose 12.6% to RM21.61 million from RM19.17 million on slower progress of several construction contracts undertaken by Lebar Daun.

The group's basic loss per share stood at 0.81 sen, from earnings per share of 0.26 sen while net assets per share stood at 75.1 sen, from 86.6 sen a year ago.

Calling the economic climate challenging, the group nevertheless expects its performance to be satisfactory this year.
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