Quarterly Report For The Financial Period Ended 30 June 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 RM595.81 million, a decrease of 9% compared to revenue of RM 654.04 million recorded in the corresponding quarter last year. The lower revenue is mainly due to lower FCL shipments coupled with the reduced palm olein prices. Margins also decreased due to the lower forex gains arising from the stronger Ringgit Malaysia.

Current Year Prospects

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