Financial Information

You are here

Quarterly Report For The Financial Period Ended 30 September 2017

 Financials Archive Financial Statement (533 KB)

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.

Unaudited Condensed Consolidated Statements of Comprehensive Income for The Period Ended 30 September 2017

Unaudited Condensed Consolidated Statements of Financial Position

Review of Performance

(a) Quarter on Quarter

The Group recorded a total revenue of RM 668.52 million quarter on quarter, which was RM 35.39 million or 5.6% higher compared to the same period last year of RM 633.12 million on the back of improved selling price.

The profit after tax (PAT) for the three (3) months period ended 30 September 2017 was RM 10.42 million compared to previous corresponding period pat of RM 223.31 million due to the higher raw material costs and weakening Ringgit. The average raw sugar cost for the Group has increased by 11.0% (RM/mt) comapred to the same period last year due to higher market price of raw sugar. The high raw sugar cost however being cushioned by the increase in average selling price by 8% compared to the same period last year.

(b) Year on year

The Group revenue for the nine (9) months ended 30 September 2017 was RM 2,009.94 million comapred to RM 1,829.14 million revenue in the same period lsat year due to improved selling price.

The Group recorded the lost after for the nine (9) months period ended 30 September 2017 of RM 45.66 million as compared to previous corresponding period's PAT of RM 106.33 million due to higher production costs and higher raw material cost. Higher cost of material in tandem with weakened Ringgit and higher raw sugar cost.

Current year Prospects

The Group is of the view that the results are expected to improved in the near to medium term as a direct positive result from lower sugar price and improvement of operation cost.