MSM Malaysia’s 3Q net loss widens to RM49.7mil on forex loss

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KUALA LUMPUR: MSM Malaysia Holdings Bhd’s net loss widened to RM49.7mil in the third quarter ended Sept 30, compared with RM36.1mil in the same period last year.

He noted that the retail price of sugar in Malaysia is RM2.85 per kg, the lowest in the region compared to other Asian countries.

However, a large part of the foreign exchange translation was mark-to-market unrealised losses which is expected to reverse into a positive gain in the fourth quarter,” he said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaPhilippines

Topics: Corporate News /Business/Business News MSM Sugar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 18:36:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23735559

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