KUALA LUMPUR: Green Packet Bhd said the high-speed Internet specialist made a net loss of RM24.38 million in the three months ended June 30, 2015, instead of a net profit as previously reported.

Green Packet (fundamental: 1.1; valuation: 0.3) said this in an amended announcement to Bursa Malaysia last Friday. There were no comparative figures from a year earlier, as the company had changed its financial year end from June 30 to Dec 31.

Last Thursday, Green Packet told the exchange that it registered a net profit of RM24.38 million. The next day (Aug 28), a Green Packet spokesperson told digitaledge DAILY that it was an “internal error” made by the firm.

Green Packet shares closed down 2.44% at 20 sen last Friday, bringing a market capitalisation of RM137.15 million.

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This article first appeared in digitaledge Daily, on September 1, 2015.