- The group attributed the lower revenue to fewer construction activities caused by slower lead time for the supply of building materials.
- Ekovest’s property development, toll operations and plantations segments saw better results.
KUALA LUMPUR (Aug 30): Ekovest Bhd’s net loss for the fourth quarter ended June 30, 2022 (4QFY22) ballooned to RM123.81 million from RM2.66 million a year before, dragged by lower contribution from the construction and property investment segments.
This has resulted in its loss per share swelling to 4.59 sen in 4QFY22 from 0.1 sen a year ago, according to the group’s filing with Bursa Malaysia.
Revenue in 4QFY22 dropped 40.47% to RM224.49 million from RM377.11 million in the previous year.