Mamee-Double Decker (M) Bhd has posted a pre-tax profit of RM4.9 million for the third quarter ended Sept 30, 2011, compared with RM15.6 million in the previous corresponding quarter. Its revenue increased 6.0 per cent to RM129.1 million from RM121.8 million previously.
In a filing to Bursa Malaysia today, Mamee-Double Decker said the profit
reduction was caused by the increase in raw material and other commodity prices, as well as higher advertising and promotional expenditure.
Meanwhile, the increase in revenue was contributed by higher sales from the
foreign markets with better pricing structure. "The board will continue to strengthen its operations, not only by implementing continuous improvements in selling and distribution channels, but also by investing capital expenditure to increase and enhance the group's production capacity," the group said. -- Bernama
In a filing to Bursa Malaysia today, Mamee-Double Decker said the profit
reduction was caused by the increase in raw material and other commodity prices, as well as higher advertising and promotional expenditure.
Meanwhile, the increase in revenue was contributed by higher sales from the
foreign markets with better pricing structure. "The board will continue to strengthen its operations, not only by implementing continuous improvements in selling and distribution channels, but also by investing capital expenditure to increase and enhance the group's production capacity," the group said. -- Bernama
