Ekovest continues to bleed in 4Q, but narrower on lower taxation
The net loss marks the group’s seventh consecutive quarter in the red.
The net loss marks the group’s seventh consecutive quarter in the red.
The WCE project involves the development of a 233km tolled highway from Banting, Selangor to Taiping, Perak.
The highways concessionaires include Amanat Lebuhraya Rakyat Bhd (ALR), Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), IJM Corp Bhd, ANIH Bhd and PLUS Malaysia Bhd.
The group attributed the lower revenue to fewer construction activities caused by slower lead time for the supply of building materials.
KUALA LUMPUR (Aug 26): Malaysia reported 24,599 new daily Covid-19 cases today — the highest number since the onset of the pandemic – pushing the number of active cases up to 265,841, the worst yet.
KUALA LUMPUR (June 5): The Ministry of Health (MoH) has reported another day of over 100 coronavirus-related deaths, with 109 fatalities recorded within the past 24 hours as of noon today, pushing the national death toll to 3,291.
KUALA LUMPUR (June 2): Malaysia’s daily Covid-19 death toll climbed to 126 — the highest level since the outbreak in March last year, according to Health director-general Tan Sri Dr Noor Hisham Abdullah.
KUALA LUMPUR (April 17): For the first time in 40 days, Malaysia’s daily Covid-19 cases crossed the 2,000 mark on Thursday.
KUALA LUMPUR (March 12): Malaysia logged 1,575 new Covid-19 cases today, marking the seventh straight day that daily infections have stayed below the 2,000 mark.
KUALA LUMPUR (March 5): Malaysia’s new Covid-19 infections rose to 2,154 as of noon today, bringing total cases to 310,097.