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U8hash:GDex posts 2Q net loss of RM2.7mil

U8hash:GDex posts 2Q net loss of RM2.7mil

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PETALING JAYA: GDEX Bhd will make efforts to optimise its human resources and operational efficiency.

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In a filing with Bursa Malaysia yesterday, GDex said it expects the challenges from competitive pricing in the courier services and logistics industry to continue in the second half of the year.

For the second quarter ended June 30, GDex reported a net loss of RM2.7mil, compared with a net profit of RM6.76mil in the previous corresponding period. Revenue declined to RM93.53mil from RM106.67mil a year earlier.It reported a loss per share of 0.07 sen, compared with earnings per share of 0.11 sen.


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