Mulpha post net loss of RM19.18 million

KUALA LUMPUR: Mulpha International Bhd recorded a net loss of RM19.18 million for its second quarter (2Q) ended June 30, 2010, compared to a net profit of RM82.11 million a year ago.

The company said on Thursday, Aug 26 that its revenue for 2Q stood at RM189.42 million, compared to revenue of RM158.12 million posted a year ago.

This loss is in sharp contrast to results in the previous quarter, when it posted a net profit of RM49.15 million.

The company said that the 2Q results were partly affected by its share of non-operating losses which is mainly die to assets impairment, recorded by an Australian associate, FKP Property Group amounting to RM37.52 million.
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