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Quarterly Report For The Financial Period Ended 30 June 2018

 Financials Archive Financial Statement (701 KB)

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Unaudited Condensed Consolidated Statements of Comprehensive Income for The Period Ended 31 March 2018

Unaudited Condensed Consolidated Statements of Financial Position

Review of Performance

(a) Quarter on Quarter

The Group recorded a total revenue of RM573.22 million quarter on quarter, which is RM117.89 million or 17.1% lower compared to the same period last year of RM691.11 million. This is due to 7% reduction in the overall tonnage sold and lower average selling price.

The profit after tax (PAT) for the three (3) months period ended 30 June 2018 is RM14.33 million, which Is RM35.78 million or 166.8% lower compared to previous corresponding period loss after tax (LAT) of RM21.45 million due to lower raw material costs and favorable foreign exchange rate.

(b) Year on year

The Group revenue for the first half of the year is RM1,122.28 million compared to RM1,338.86 million in the same period last year. The decrease is due to lower overall tonnage sold

The Group recorded a PAT for the six (6) months period ended 30 June 2018 of RM30.14 million as compared to previous corresponding period's LAT of RM56.07 million due to lower raw material cost and favorable foreign exchange rate.

Current year Prospects

The Group views the second half of 2018 as a challenging period given the potential changes in domestic sugar policies and challenging market environment. Notwithstanding these and the recent weakening trend of the Ringgit, the group maintains its positive outlook and expects to pursue strategic initiatives to remain resilient and profitable.