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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.
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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.

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