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
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
