Transmile continues to make losses

Filed Under (Business News) by Webmaster on 24-02-2010

Tagged Under :

transmile group

Transmile Group Bhd’s pre-tax loss for its fourth quarter ended Dec 31, 2009 widened by 713% to RM212.99mil from RM26.19mil in the corresponding quarter in 2008.

Its revenue dropped to RM46.66mil from RM55.69mil previously.

For the full year, Transmile’s pre-tax loss rose 123.35% to RM270.61mil from RM121.16mil in the previous year as revenue declined 48.37% to RM151.21mil from RM292.88mil.

Transmile said yesterday the group was constantly looking for new business opportunities to improve its revenue stream and profitability.

It was also looking at ways to reduce operating cost and improving productivity.

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