Hatten Land widens net loss to RM20.8m in 2Q24

Loss per share also widened to RM0.0111.

Hatten Land reported a weaker bottom line in its second fiscal quarter which ended 31 December 2023 (2Q24).

In 2Q, the company widened its net loss to RM20.8m ($5.85m) from RM4.11m ($1.2m) recorded a year ago (2Q23).

The company likewise widened its loss per share from RM0.0023 ($0.00065) in 2Q23 to RM0.0111 ($0.0031) in 2Q24.

Hatten Land attributed its weaker bottom line to the decline in its revenue.

In 2Q24, the company recorded an RM1.0m ($281,066.30) or 21.3% drop in revenue to RM2.8m ($786,985.64).

1 RM = 0.28 SGD

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