Monday, 21 November 2011

Jerneh Asia posts losses in Q3

Jerneh Asia Bhd posted a pre-tax loss of RM31,000 for the third quarter ended Sept 30, 2011 compared to pre-tax profit of RM5.65 million in the same quarter last year.

Revenue increased to RM42.87 million from RM25.93 million previously, the company said in a filing to Bursa Malaysia today.

Jerneh Asia said the pre-tax loss was mainly due to the poor performance in the equities market in the current quarter and the provision for losses in an associated company as a result of floods in Thailand. -- Bernama



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