<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 9): Eurospan Holdings Bhd recorded a net loss of RM895,000 or 2.01 sen loss per share in the second quarter ended Nov 30, 2016 (2QFY17) from a net profit of RM1.1 million or 2.44 sen per share a year ago because of lower revenue and fair value loss on derivatives of RM1.1 million in the financial period.</p></div>

<div class=newsTextDataWrapInner><p>Revenue fell 6% to RM13.2 million from RM14.1 million a year ago, said the Penang-based furniture maker in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>In the half year ended Nov 30, 2016 (1HFY17), Europsan posted RM316,000 net loss or 0.71 sen loss per share compared to a net profit of RM731,000 or 1.65 sen per share in 1HFY16, while revenue stood at RM26.3 million, down 11.1% from RM29.6 million in the previous year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Going forward, barring any unforeseen changes in the global economic climate and market conditions, the group will continue to be cautious about any challenge ahead.</p></div>

<div class=newsTextDataWrapInner><p>It added that the management will continue its effort in improving its operating results.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Eurospan closed flat at 64 sen for a market capitalisation RM28.4 million.</p></div>

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KUALA LUMPUR (Jan 9): Eurospan Holdings Bhd recorded a net loss of RM895,000 or 2.01 sen loss per share in the second quarter ended Nov 30, 2016 (2QFY17) from a net profit of RM1.1 million or 2.44 sen per share a year ago because of lower revenue and fair value loss on derivatives of RM1.1 millio...

Eurospan records net loss in 2Q on fair value loss

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