SINGAPORE (May 28): Singapore Myanmar Investco (SMI) saw its full-year losses widen to US$9.8 million ($13.1 million) for the FY18 ended March, some 37.9% higher than losses of US$7.1 million a year ago.
This was mainly due to an impairment allowance of US$4.5 million on the group’s subsidiary, TPR Myanmar, which is currently held for sale.
FY18 revenue grew 3.0% to US$24.0 million, from US$23.3 million a year ago.
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)
