Nov 122008
Such a big surprise for me when even one of survival of Seven Sister company recorded a big loss in such a short period. Shell Refining Co. (Federation of Malaya) Bhd posted a net loss of RM286.54mil in the third quarter, weighed down by stockholding loss of RM254mil. The company said on Wednesday the Q3 net loss for the quarter ended Sept 30 was a sharp difference from the net profit of RM128.83mil where there was a net gain of RM129mil a year ago. Revenue was RM3.23bil compared with RM3bil a year ago. Loss per share was 95.51 sen compared with earnings per share of 42.94 sen.
Two things simplified for this huge loss; share dropped and unefficiency of the overall operation. wullawey…
