Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd.
Eversendai s Q1 net loss narrowed to RM3.84mil, revenue at RM311.38mil Ayisy Yusof
KUALA LUMPUR: Eversendai Corp Bhd posted a narrower net loss of RM3.84 million in the first quarter (Q1) ended March 31, 2021 from a net loss of RM10.15 million in the same period in 2020.
In an exchange filing today, Eversendai said this was due to significant reduction in operating and administrative expenses resulted from better management of expenses and cost control actions taken.
Its Q1 revenue increased 36.3 per cent to RM311.38 million from RM228.50 million.
This was mainly contributed by higher progress billings from the on-going and new projects commenced during current period under review in the energy segment followed by India and Middle East region.
Eversendai Corp Bhd said its wholly-owned subsidiary Eversendai Offshore had successfully loaded out the foundation jacket structure for a 700MW high voltage alternating current offshore Beta topside platform for the Hollandse Kust (Zuid) Offshore Wind Farm in the Netherlands, which is developed by TenneT, a leading European electricity transmission system operator.