PT Resources unit recognises RM17.81mil loss from Fujian factory fire

KUALA LUMPUR: PT Resources Holdings Bhd has reported the recognition and provision of losses amounting to about RM17.81mil for the fire incident at its wholly-owned subsidiary's factory in Fujian, China.

In a filing with Bursa Malaysia, the group said its unit, Fujian HJS International Holdings Co Ltd, is currently awaiting confirmation from the relevant authorities on the  investigation to further assess the extent of the damage before proceeding with any claim in respect of the losses incurred.

"Notwithstanding the above, the Board wishes to highlight that the financial impact arising from the fire incident has been adequately provided for, and is not expected to have any further material impact on the Group's financial performance going forward," it said.