Eden Inc. Berhad Reports Unaudited Condensed Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Impairment Loss on Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2016
For the year, the company reported revenue of MYR 51.432 million against MYR 52.52 million a year ago. Operating loss was MYR 12.506 million against MYR 20.012 million a year ago. Loss before taxation was MYR 20.3 million against MYR 29.023 million a year ago. Loss net of tax was MYR 24.15 million against MYR 43.58 million a year ago. Loss attributable to owners of the parent was MYR 24.29 million against MYR 42.995 million a year ago. Loss per share attributable to equity holders of the share was 7.80 sen against 13.81 sen a year ago. Net cash generated from operating activities was MYR 6.9 million against net cash generated used in operating activities of MYR 10.95 million a year ago. Purchase of property plant and equipment was MYR 0.4 million against MYR 1.14 million a year ago. Net assets per share were MYR 0.68 against MYR 0.76 a year ago.
For the three months, the company reported impairment loss on property, plant and equipment of MYR 11,590,000.