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Tajuk : IWCity falls after co says 1Q net loss widened
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IWCity falls after co says 1Q net loss widened
KUALA LUMPUR (June 1): Iskandar Waterfront City Bhd (IWCity) shares fell as much as seven sen or 4% after the property developer said first quarter net loss widened to RM56.46 million from a year earlier.
Yesterday, IWCity said net loss widened to RM56.46 million in the first quarter ended March 31, 2017 (1QFY17) from a net loss of RM4.8 million.
Revenue was, however, higher at RM13.65 million compared to RM8 million. The company's latest reported net assets per share stood at 96 sen.
Today, IWCity shares fell to their lowest so far at RM1.60.
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