Kulim (Malaysia) Bhd's pre-tax profit for the third quarter ended Sept 30, 2011, declined to RM265.868 million from the RM329.655 million recorded in the same period last year. Revenue, however, rose to RM1.78 billion from RM1.461 billion previously.
Kulim in a filing to Bursa Malaysia today said the lower pre-tax profit for the current quarter, was due to the disposal of Oleochemicals Group, recorded as a profit of RM156 million last year.
For the nine-months period, the company's pre-tax profit jumped to RM1.067 billion from RM560.062 million last year on revenue of RM5.24 billion and RM4.056 billion respectively.
On prospects, Kulim is confident that this year will be another good one for the company as the shipping business registered an improvement, with all ordered vessels having been progressively delivered to the oil majors on term and are currently operating smoothly. -- Bernama
Kulim in a filing to Bursa Malaysia today said the lower pre-tax profit for the current quarter, was due to the disposal of Oleochemicals Group, recorded as a profit of RM156 million last year.
For the nine-months period, the company's pre-tax profit jumped to RM1.067 billion from RM560.062 million last year on revenue of RM5.24 billion and RM4.056 billion respectively.
On prospects, Kulim is confident that this year will be another good one for the company as the shipping business registered an improvement, with all ordered vessels having been progressively delivered to the oil majors on term and are currently operating smoothly. -- Bernama
