Home News Results

Econ Healthcare posts $1.26 mil loss for 2HFY2022 after losing $3.4 mil on Crosstech exit

Khairani Afifi Noordin
Khairani Afifi Noordin5/28/2022 04:56 PM GMT+08  • 3 min read
Econ Healthcare posts $1.26 mil loss for 2HFY2022 after losing $3.4 mil on Crosstech exit
Econ Healthcare's total revenue for the FY2022 stood 3.3% higher y-o-y at $38.9 million.
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.

Catalist-listed Econ Healthcare (Asia) has posted a loss of $1.26 million for 2HFY2022 ended March 31, reversing from a net profit of $2 million in the same period last year.

The loss was mainly due to the decrease in other income which comprise mostly of grants; loss on disposal of Crosstech Group Holdings shares; as well as expenses incurred for the closure of ECON Medicare Centre and Nursing home - Pudu.

This brings the loss per share to 49 cents, from the previous 99 cents.

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