Soft consumer sentiment, the reintroduction of the sales and service tax, a high base effect following the removal of the 6% goods and services tax last year, and more spending required to grab consumers’ attention — these were among the reasons for the challenging year.
It is causing them to miss out on trade diversion opportunities — KL & Selangor Furniture Association
EcoWorld is set to announce its annual financial results tomorrow (Dec 12).
The group is set to announce its financial results today
The objective of the entrepreneurial programme, presented by Alliance Bank Malaysia Bhd and Eco World Development Group Bhd (EcoWorld), is to help entrepreneurs grow their businesses further.
According to China Communications Construction (ECRL) Sdn Bhd’s (CCC-ECRL) authority and community liaison manager for ECRL section six, Satnam Singh Ajit Singh, the construction works will pick up at section six, which covers the most parts in Pahang.
The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.
As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with Bursa Malaysia.
The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.
Cost of sales grew 3% to RM371.29 million from RM362.13 million, while other income retreated 63% to RM3.67 million from RM10.02 million. Revenue was flat at RM467.18 million, versus RM465.17 million in the year-ago.
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