Texchem-Pack reports another quarterly loss on rising costs amid lower revenue
Malaysia-based Texchem-Pack Holdings has posted another quarterly loss.
The mainboard-listed company announced a second quarter net loss of RM4.2 million, taking its half-year loss to RM8.3 million.
In contrast, it made RM535,000 in three months to June 30 last year.
Second quarter revenue fell by 13 per cent to RM41 million, mainly due to lower contribution from the thermoformed products business segment, following a reduction in orders from customers in the data storage industry.