NWP Holdings Bhd's pre-tax loss for the fourth quarter ended Aug 31, 2011 increased to RM1.8 million from the RM771,000 recorded in the same period last year. Revenue decreased to RM4.61 million from RM7.06 million previously due to the decline in the group's sales, NWP Holdings said in a filing to Bursa Malaysia today.
For the whole financial year, the company's pre-tax loss rose to RM6.83 million from RM6.25 million previously while revenue slipped to RM8.45 million from RM23.5 million previously.
NWP Holdings said it expects to generate better financial results in the next financial year after the commencement of production with its associate company in the Lao People's Democratic Republic.
"It would provide us the opportunity to source lower-price raw materials for the export market," it added.
NWP Holdings said the group will continue to seek new opportunities, both local and abroad, including diversifying into new businesses to further enhance group revenue. -- Bernama
For the whole financial year, the company's pre-tax loss rose to RM6.83 million from RM6.25 million previously while revenue slipped to RM8.45 million from RM23.5 million previously.
NWP Holdings said it expects to generate better financial results in the next financial year after the commencement of production with its associate company in the Lao People's Democratic Republic.
"It would provide us the opportunity to source lower-price raw materials for the export market," it added.
NWP Holdings said the group will continue to seek new opportunities, both local and abroad, including diversifying into new businesses to further enhance group revenue. -- Bernama
