Protasco records RM23.5m profit after tax in Q3 2015

KUALA LUMPUR, Nov 24 — Protasco Bhd recorded RM23.559 million in profit after tax (PAT) in its third quarter ended Sep 30, 2015, compared to a PAT loss of RM61.261 million registered in the same period last year.

“The improvement was mainly due to the impairment loss provided on the investment of PT Anglo Slavic Indonesia during the current quarter in the last preceding year,” the company said in a filing to Bursa Malaysia today.

It said, however, taking aside the impairment, the group registered a growth of 9.4 per cent as compared to the same period in the last preceding year, mainly from the contribution of the maintenance segments.

Protasco’s revenue slipped to RM303.979 million versus RM318.985 million recorded previously. — Bernama