Eden Inc. Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Impairment of Goodwill for the Fourth Quarter of 2015
For the full year, the company reported revenue of MYR 51,076,000 compared to MYR 69,733,000 a year ago. Operating loss was MYR 21,439,000 against MYR 3,330,000 a year ago. Loss before tax was MYR 30,849,000 compared to MYR 13,370,000 a year ago. Loss attributable to the owners of the parent was MYR 46,447,000 or 14.92 sen per basic share compared to MYR 8,828,000 or 2.84 sen per basic share a year ago. Net cash used in operating activities was MYR 11,832,000 compared to net cash generated from operating activities of MYR 10,528,000 a year ago. Purchase of property, plant and equipments was MYR 1,846,000 compared to MYR 2,952,000 a year ago. Net assets per share were MYR 0.75 compared to MYR 0.90 a year ago.
For the fourth quarter of 2015, the company reported impairment of goodwill was MYR 4,206,000 against nil a year ago.