Kwantas Corporation Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2018. For the quarter, the company announced revenue was MYR 129,050,000 compared to MYR 159,137,000 for the same period a year ago. Loss before tax from continuing operations was MYR 68,783,000 compared to profit of MYR 5,772,000 for the same period a year ago. Loss from continuing operations, net of tax was MYR 81,167,000 compared to profit of MYR 7,578,000 for the same period a year ago. Loss attributable to ordinary equity holders of the parent was MYR 78,152,000 or 25.07 sen per basic share compared to profit attributable to ordinary equity holders of the parent of MYR 11,826,000 or 1.76 sen per basic share for the same period a year ago.

For the six months, the company announced revenue was MYR 771,272,000 compared to MYR 1,379,894,000 for the same period a year ago. Loss before tax from continuing operations was MYR 39,363,000 compared to profit of MYR 59,783,000 for the same period a year ago. Loss from continuing operations, net of tax was MYR 59,997,000 compared to profit of MYR 36,162,000 for the same period a year ago. Loss attributable to ordinary equity holders of the parent was MYR 50,072,000 or 16.07 sen per basic share compared to profit attributable to ordinary equity holders of the parent of MYR 38,951,000 or 12.50 sen per basic share for the same period a year ago.

For the fourth quarter ended June 30, 2018, the company announced property, plant and equipment written off of MYR 82,000 compared to MYR 194,000 for the same period a year ago. Impairment loss on biological assets was MYR 22,714,000 compared to MYR 9,259,000 for the same period a year ago. Impairment loss on property, plant and equipment was MYR 16,890,000.