Wednesday, 9 May 2012

Theta Edge posts net loss RM1.49m in 1Q

KUALA LUMPUR (May 9): Theta Edge Bhd posted net loss RM1.49 million in the first quarter ended March 31, 2012 compared to net profit RM80,400 a year earlier, due to the small margins derived from the trading revenue which was insufficient to cover the group overheads.

The company said on Wednesday that its revenue for the quarter fell to RM19.37 million from RM21.24 million in 2011.

Loss per share was 1.39 sen compared to earnings per share of 1.27 sen, while net assets per share was 79 sen.

On its prospects, Theta Edge said it expects that the financial year 2012 would remain challenging.

“Barring any unforeseen circumstances, the board expects improved performance for the financial year ending 2012 as compared to financial year 2011,” it said.

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