Trive Property active after posting wider loss in Q3
29 Dec 2017 / 13:05 H.
PETALING JAYA: Trive Property Group Bhd was among the top active counters this morning, after its net loss widened to RM2.8 million for the third quarter ended Oct 31, 2017 from RM304,000 a year ago.
As at 11.55am, its share price was flat at 4.5 sen with 60.4 million shares changing hands. It has a market capitalisation of RM69.1 million.
The group said the higher net loss was due to impairment loses from land and building as well as operation losses recorded during the period.
Revenue for the quarter fell by 81% to RM57,000 from RM299,000.