TRANSMILE suffers bigger pre-tax loss in Q2

Transmile Group Bhd has recorded a higher pre-tax loss of RM5.179 million for its second quarter ended June 30, 2010, compared to a loss of RM277,000 in the same period last year.

However, the group recorded a higher revenue of RM52.4 million compared to RM38.5 million previously, it said in a filing to Bursa Malaysia today.

The higher revenue was mainly due to additional charter revenue, short-term lease rental and additional general freight sales generated during the quarter, Transmile said.

It also said that the group was working on finalising a conclusive debt restructuring plan with the lenders.

"At the same time, the management is continuing to focus on the provision of customised air freight services, in particular to postal, air express and courier companies, and is working to secure new business to further improve aircraft utilisation," it added. -- Bernama