Home Capital Results

Envictus sinks deeper into in the red in 2Q on higher expenses

Michelle Zhu
Michelle Zhu5/2/2018 06:29 PM GMT+08  • 2 min read
Envictus sinks deeper into in the red in 2Q on higher expenses
SINGAPORE (May 2): Food and beverage (F&B) group Envictus International saw its losses for the 2Q ended March 2018 widen 39.6% to RM4.8 million ($1.6 million) from 2Q17 loss of RM3.4 million due to higher operating expenses.  
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 2): Food and beverage (F&B) group Envictus International saw its losses for the 2Q ended March 2018 widen 39.6% to RM4.8 million ($1.6 million) from 2Q17 loss of RM3.4 million due to higher operating expenses.

This brings the group’s loss for the half-year to RM9.4 million, nearly double than its 1H17 loss of RM4.9 million a year ago.

Revenue for 2Q18 grew 0.8% to RM101.1 million from RM100.3 million, primarily due to the strong performance of its food services division and additional contribution from its new dairies division, offset in part by lower contributions from its trading and frozen, food processing, and nutrition divisions.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now