Quarterly Report For The Financial Period Ended 30 September 2018

Financials Archive

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The figures have not been audited.

Condensed Consolidated Income Statements

Comprehensive Income

Condensed Consolidated Statements Of Financial Position

Financial Position

Review Of Performance

The Group's performance for the quarter under review against the corresponding quarter of the previous financial year is tabled below:-

Review Performance

For the current quarter, the Group recorded revenue of RM620.10 million, a decrease of 16% compared to revenue of RM738.49 million recorded in the corresponding quarter last year. The lower revenue is mainly due to a 5% decline in total FCLs sold coupled with a 16% drop in average olein prices year on year. Profit before and after tax margins decreased due to lower gross profit margins, higher net unrealised foreign exchange losses and a provision for doubtful debts as to comply with the new MFRS 9.

Current Year Prospects

The Group will continue with its expansion plans for revenue growth for its edible oil operations and with smart partnership tieup with property developers for the tapware and sanitary ware divisions to enhance shareholders' value.