Amverton Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2018
For the year, the company reported revenue of MYR 119,159,000 against MYR 160,304,000 a year ago. Operating profit was MYR 92,520,000 against MYR 31,042,000 a year ago. Net profit for the period was MYR 76,077,000 against MYR 25,509,000 a year ago. Basic earnings per share attributable to equity holders of the parent was 20.67 sen against 6.60 sen a year ago.
For the quarter, the company reported property, plant & machinery written-down of MYR 9,000 against MYR 37,000 a year ago.