KUALA LUMPUR (May 25): Milux Corporation Bhd shares dipped 2.78% in thin trade this morning after its net loss for the first quarter ended March 31, 2017 widened to RM76,500 versus net loss RM49,500 a year earlier due to lower profit contribution from the manufacturing operation while the trading operation incurred a higher loss due to increase in advertising and promotion.

At 9.34m, Milux fell 2.5 sen to 87.5 sen with 20,000 shares done.

In a filing to Bursa Malaysia yesterday, Milux said revenue for the quarter rose to RM18.66 million versus RM16.48 million a year earlier, driven by revenue from its manufacturing and trading operations.

Loss per share widened to 1.41 sen from 0.91 sen a year ago.

On the prospects for its current year, Milux said despite incurring a higher loss during the quarter under review, the Board is committed to turnaround the performance of the group, in particular, the trading operation for the remaining quarters of the year.