In FY2022, Jubilee incurred a loss of $2.2 million against a loss of $1.6 million in FY2021, arising from a fair valuation gain of $2.7 million netted off by losses on partial disposal and deemed disposal of its investments in shares of EG Industries amounting to $4.3 million.
Catalist-listed Jubilee Industries Holdings has posted a net loss after tax of $4.8 million for the 2HFY2022 ended March 31, as compared to a net loss after tax of $1.9 million on 2HFY2021.
This is mainly due to the fair value loss of the company’s investment in shares of Malaysian electronic manufacturing services company EG Industries Bhd, the company said in a results statement.
