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Quarterly report for the financial period ended 31 December 2016

 Financials Archive Financial Statement (370 KB)

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Unaudited Condensed Consolidated Statements of Comprehensive Income for The Period Ended 31 December 2016

Unaudited Condensed Consolidated Statements of Financial Position

Review of Performance

(a) Quarter on Quarter

The Group recorded a total revenue on RM 838.31 million quarter on quarter, which was RM 174.34 million or 26.26 % higher compared to the same period last year of RM 663.97 million on the back of improved selling price and higher volume of refined sugar sold for the Domestic market segment.

The profit after tax (PAT) for the three (3) months period ended 31 December 2016 was RM 14.39 million compared to previous corresponding period PAT of RM 61.26 million due to the higher raw material costs and weakening Ringgit.

(b) Year on Year

The Group revenue for the year ended 31 December 2016 was RM 2,658.45 million compared to RM 2,307.26 million revenue last year on the back improved selling price, hogher volume of refined sugar sold and higher trading revenue.

The profit after tax (PAT) for year ended 31 December 2016 stood at Rm 120.72 million compared to previous corresponding period PAT of RM 275.30 million as a results of higher raw material cost and weakening Ringgit.

Current year Prospects

Notwithstanding the volatility of commodity prices, the Group is expected to be able to perform in line with the industry.