Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,364.71 -8.42 -0.25%
Hang Seng 28,524.04 +57.56 +0.20%
Dow Jones 27,349.19 +177.29 +0.65%
Shanghai Composite 2,923.28 +23.33 +0.80%
Berjaya Land Swings To Net Loss
By:
  • Berjaya Land (BLand) fell into the red, with RM418.5 million net loss for 4Q14 ended 30 April 2015 from a net profit of RM5.8 million in 4Q13.
  • The losses are attributable to non-cash impairment of goodwill relating to the gaming cash-generating units (CGUs) amounting to RM380.7 million resulting from the excess of these CGUs’ carrying values over their recoverable amounts.
  • BLand mentioned that its gaming business was affected by the continued challenging economic and regulatory environment in their respective jurisdictions.

Significance: For FY2014 to 30 April 2015, BLand incurred a net loss of RM398.5 million against a net profit of RM104.6 in FY2013.


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.