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Pasdec Holdings sees 3Q net loss of RM2m

KUALA LUMPUR: Pasdec Holdings Bhd recorded a net loss of RM2.04 million from a net profit of RM24,000 a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned dropped by 44% to RM14.49 million from RM26.1 million a year ago.

Basic loss per share was 0.99 sen, from basic earnings per share of 0.01 sen last year. Net assets per share rose to RM1.93 from RM1.70 as at the preceding financial year end.

Pasdec Holdings — through its subsidiaries — operates in investment holdings, property development, trading in building materials, manufacturing and construction.
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