KUALA LUMPUR (June 1): Iris Corp Bhd fell 9.09% in active trade this morning after the company reported its largest net loss to date of RM291.92 million for the fourth quarter ended March 31, 2017 (4QFY17) due mainly to a one-off non-cash impairment arising from the group’s corporate restructuring plan.

At 9.02am, Iris fell 1.5 sen to 15 sen with 10.65 million shares done.

This compares with a net profit of RM1.52 million reported by the group for 4QFY16, and a net loss of RM1.79 million for 3QFY17.

Revenue for the quarter rose 13.83% to RM119.35 million from RM104.84 million in 4QFY16.— theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
Pave the way to ultimate financial independence in your 20s, 30s, 40s

Financial independence isn’t just “retire early, sip coconuts in Bali”. It’s the freedom to switch careers, take time off, or stay calm when your car breaks down.

read more
RELATED POSTS
  1. MRCB 2Q profit slips 4% as construction revenue falls; BJSP gain lifts PBT
  2. Tropicana 2Q revenue jumps 158% on land sales; PBT more than doubles
  3. SDB’s 1Q net loss widens to RM8.25m as revenue halves