Nexgram Holdings Bhd sank deeper into the red in 2QFY17 after posting a net loss of RM6.2 mln, from a net profit of RM24.0 mln last corresponding period - marking its third quarterly loss in a row, while revenue plunged 62.0% Y.o.Y to RM9.7 mln, from RM25.2 mln due to ongoing decline in the performance of its information technology (IT) subsidiaries.
Going forward, Nexgram said it is in the midst of securing new projects for its property, construction and logistics businesses as part of its business rationalisation.