DeGem Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Announces Property, Plant and Equipment Written Off for the First Quarter Ended March 31, 2019
DeGem Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company's revenue was MYR 33,869,000 compared to MYR 37,804,000 a year ago. Profit for the period was MYR 508,000 compared to loss of MYR 864,000 a year ago. Basic earnings per ordinary share was 0.38 sen compared to basic loss per share of 0.67 sen a year ago.
The company also announced property, plant and equipment written off of MYR 32,000 for the first quarter ended March 31, 2019 compared to MYR 140,000 a year ago.