(to see more clearly, double click on the report)
Phew..., luckily didn't hold Scomi last week. I bought at 39.5 on Tuesday when market down, and sold it 40.5 on Thursday. Profit of a few ringgit. Initially, felt upset after selling but relief now.
The following are some highlight of the report,
Scomi Group Bhd's Q3 result which ended Sept'30 was not a pretty one, it was reported a net losses of RM166.48 million, compared to the net profit of RM22.97 million a year ago.
The company explained the losses were caused by lower revenue from core business and also there was a potential impairment which costs about RM52.6 million and a provision of RM109.7 million.
Turnover was down from last year's RM448.5 million to RM367.6 million. Major contributors are from oilfield services division and transport solutions division.
Loss per share was RM0.1199 compared with earnings per share of RM0.027.
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