Perisai Petroleum Teknologi Bhd announced unaudited consolidated earnings results for the three months and fifteen months ended March 31, 2017. For the three months, the company announced revenue of MYR 46,129,000, loss before tax of MYR 60,275,000, loss attributable to ordinary equity holders of the parent of MYR 65,295,000 or 5.18 sen per basic and diluted share. Loss before tax was mainly due to the depreciation charged of approximately MYR 28.10 million that was suspended under the provision of MFRS 5 non-current assets held for sale and discontinued operations for assets which are held for sale in the previous quarter was accelerated to income statement during the current financial quarter.

For the fifteen three months, the company announced revenue of MYR 231,280,000, loss before tax of MYR 342,404,000, loss attributable to ordinary equity holders of the parent of MYR 355,077,000 or 28.69 sen per basic and diluted share. Net cash generated from operating activities was MYR 34,658,000 and purchase of plant and equipment was MYR 1,833,000.

For the three months ended March 31, 2017, the company announced impairment loss on plant and equipment of MYR 1,832,000.