LBI CAP­I­TAL IN­CURS NET LOSS IN THIRD QUAR­TER

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: LBI Cap­i­tal Bhd posted a net loss of RM373,000 in the third quar­ter ended Sept 30, 2016, against a net profit of RM2.98 mil­lion in the same pe­riod last year. Rev­enue was down 84.5% to RM2.6 mil­lion,from RM16.6 mil­lion pre­vi­ously, at­trib­uted to the com­ple­tion of its town­house de­vel­op­ment Desa Sau­jana 2 @ Ban­dar Sau­jana Pu­tra. For the nine months pe­riod, its net profit jumped 21.9% to RM21.3 mil­lion, from RM17.5 mil­lion a year ago, but rev­enue fell 68.3% to RM25.9 mil­lion, from RM81.7 mil­lion.

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