Thursday 24 November 2011

MSM Q3 pre-tax profit dwindles to RM63m

MSM Malaysia Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2011 fell to RM62.79 million from RM107.96 million in the same quarter last year.

Revenue, however, rose to RM623.98 million from RM540.82 million in the same quarter last year. The group attributed the lower pre-tax profit to higher sales cost as reflected in the spiralling raw sugar price, it said.

The better revenue performance was mainly due to higher export volume and
increased average price, it said in a filing to Bursa Malaysia.

On prospects, the group is expected to sustain its satisfactory performance despite the volatility in commodity prices. -- Bernama



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...