Hwa Tai Industries Berhad reported audited consolidated and company earnings results for the year ended December 31, 2018. For the year, on group basis, the companys Revenues were MYR 64,739,149 against MYR 67,813,099 a year ago. Loss for the year was MYR 3,928,946 against profit for the financial year of MYR 1,061,587 a year ago. Basic loss per share was 5.23 sen against basic earnings per share of 1.42 sen a year ago.
For the year, on company basis, the companys Revenues were MYR 57,683,579 against MYR 60,985,884 a year ago. Loss for the year was MYR 4,181,528 against profit for the financial year of MYR 1,009,731 a year ago.
The company proposed to revoke the existing Memorandum and Articles of Association of the Company with immediate effect and in place thereof, the proposed new Constitution of the Company, to its AGM to be held on 29 June 2019.