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Quarterly Report For The Financial Period Ended 31 December 2017

 Financials Archive Financial Statement (533 KB)

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Unaudited Condensed Consolidated Statements of Comprehensive Income for The Period Ended 31 December 2017

Unaudited Condensed Consolidated Statements of Financial Position

Review of Performance

(a) Quarter on Quarter

The Group recorded a total revenue of RM656.12 million quarter on quarter, which is RM182.19 million or 21.7% lower compared to the same period last year of RM838.31 million. This is due to 12% reduction in the overall tonnage sold for the local market.

The profit after tax (PAT) for the three (3) months period ended 31 December 2017 is RM13.08 million, which Is RM1.31 million or 9.1% lower compared to previous corresponding period PAT of RM14.39 million. This is mainly attributed to higher finance cost and taxation.

(b) Year on year

The Group revenue for the twelve (12) months ended 31 December 2017 Is RM2,666.07 million compared to RM2,658.45 million in the same period last year. The slight increase is due to Improved average selling price for the year.

The Group recorded a loss after tax for the year ended 31 December 2017 of RM32.57 million as compared to previous corresponding period's PAT of RM120.72 million due to higher raw material cost and weakened Ringgit.

Current year Prospects

The Group is optimistic in Its outlook for 2018. The Group expects to gain from improved operations, low raw sugar prices and strengthening Ringgit in the near term.