AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd
, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.
The company, which has business interests in various sectors of the economy but is struggling to return to profitability in the near term, also builds combat ships for the country’s navy and is 59.4% owned by the LTAT.
In an interview with StarBizWeek, group managing director Datuk Seri Mohammed Shazalli Ramly, (pic) who had taken over the helm in December 2020, says the outlook will remain challenging for the time being.