Thursday 28 Mar 2024
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KUALA LUMPUR (July 20): WZ Satu Bhd fell 7.81% this morning after it swung into a net loss of RM7.29 million in the the third quarter ended May 31, 2018 (3QFY18) from a RM8.03 million net profit last year after its three key segments — civil engineering and construction, oil and gas, and mining — all turned into the red.

At 9.08am, WZ Satu fell 2.5 sen to 29,5 sen with 294,600 shares traded.

Quarterly revenue fell 13.4% to RM122.94 million, from RM141.91 million in 3QFY17, due to lower revenue contribution from the O&G segment and a loss of revenue contribution from a subsidiary.

It posted a net loss of RM6.57 million for the cumulative nine-month period (9MFY18), against a net profit of RM21.86 million in 9MFY17. Revenue dropped 6.13% to RM384.93 million from RM410.07 million.

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