PETALING JAYA: After reporting losses in financial year 2016, its first since its listing six years ago, Eversendai Corp Bhd hopes to bounce back this year on the back of a strong order book.

Its executive chairman and group managing director Tan Sri AK Nathan said the group has set a target to show “progressive profits quarter by quarter” following a kitchen sinking exercise in financial year 2016 (FY16).

“We wanted to start afresh and move forward with confidence ... hence we cleared up whatever impairments we had to incorporate,” he told StarBiz.

The structural steel turnkey contractor recorded a core net loss of RM128mil in the Q4’16, bringing core losses for FY16 to RM80mil. In FY2015, it made a core profit of RM47.4mil.

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