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Quarterly Report For The Financial Period Ended 31 March 2018

 Financials Archive Financial Statement (675 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 RM549.06 million quarter on quarter, which is RM90.98 million or 14.2% lower compared to the same period last year of RM640.05 million. This is due to 7% reduction in the overall tonnage sold for the local market.

The profit after tax (PAT) for the three (3) months period ended 31 March 2018 is RM15.81 million, which Is RM50.43 million or 145.7% lower compared to previous corresponding period loss after tax (LAT) of RM34.62 million due to lower raw material costs and favorable foreign exchange rate.

(b) Year on year

The Group recorded a total revenue of RM549.06 million in the current quarter compared to the preceding quarter of RM643.89 million. This is due to decrease in the overall tonnage sold by 10% and lower average selling price.

The Group recorded PAT of RM15.81 million for the three (3) months period ended 31 March 2018 compared to the preceeding quarter profit after tax of RM13.08 million. This is due to a 4% decrease in the average raw sugar cost for the Group compared to the preceding quarter.

Current year Prospects

The Group maintains its positive outlook for 2018 and expect to gain from improved operations, low raw sugar proces and strengthening Ringgit in the near term