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The enlarged facility, comprising Cashline-i, Multi Trade Finance-i and Invoice Financing-i sublimits, builds on the RM43.9 million secured last year, reflecting Expogaya's strong revenue, growing customer base and replenished order book.
On a quarter-on-quarter basis, Sern kou showed an even more positive trend. The company successfully reversed a pre-tax loss of RM6.24 million in the previous quarter, mainly due to improvements in the furniture business and the absence of a RM4.53 million impairment charge that occurred in the previous quarter. Despite a decrease in revenue due to weaker demand in the timber segment, the significant recovery in profitability indicates that the group has gradually moved out of the previous pressure zone, with healthier operational performance.