PTB records RM1m loss for 1Q

KUALA LUMPUR: Petaling Tin Bhd (PTB) recorded a loss of RM1.009 million from a loss of RM671,000 a year ago 1Q2011, it announced on Tuesday, Mar 29. Revenue dropped 60% to RM1.935 million from RM4.91 million the previous year.

"The current quarter's revenue is mainly contributed by the residential development project of 126 units of double-storey link houses," the Group said.

The basic loss per share for the quarter under review is 0.29 sen following a basic loss per share of 0.19 sen a year ago.

"The calculation of basic loss per share for the current quarter and financial year to date are based on the Group loss after tax of RM1,009,296 for the current quarter and for the financial year to date divided by 345,830,979 shares, being the weighted average ordinary shares in issue excluding the weighted average treasury shares held by the Company," the Group said.

PTB operates in property development and other operations which include investment holding, provision of management and secretarial services.