Newway is correct , operating income is much higher than corresponding quarter of last year n reversal of impairment loss of Joint venture had made JV to have profit before tax of Rm18 million... The latest quarter result looks good...
@Kevin Tam The reversal of impairment loss at JV Eastern Steel shows that the plant operations has improved.Typically a blast furnace plant may take up to 15 months to sort out the teething problems. Can expect more reversal of impairment loss in the next quarter result
Agreed with @newway that will have more reversal of impairment loss in next quarter result. Meanwhile, there might also new contract to be awarded since they are in discussion with government project as mentioned in financial report.
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freddiehero
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Posted by freddiehero > 2019-09-29 23:14 | Report Abuse
buy back small amount only..