Harn Len reports 89% deviation between FY19 audited, unaudited net loss
By FocusM |   |  Featured, Mainstream

HARN Len Corp Bhd registered a wider net loss of RM60.03 mil for the financial year ended Dec 31, 2019, compared to an unaudited loss of RM31.79 mil, resulting in a 89% deviation.

This was due to an impairment loss on property, plant and equipment and the right of use for assets in subsidiaries Masranti Sebangkoi Sdn Bhd and Harn Len Reality (Serian) Sdn Bhd amounting to RM20.43 mil and RM7.56 mil respectively.

There was also a provision of tax expenses for Masranti Plantation Sdn Bhd worth RM235,000, the oil palm planter said in a bourse filing yesterday.

Harn Len’s shares opened unchanged at 43 sen. – July 1, 2020

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