Cocoaland Holdings Bhd's pre-tax profit for the financial year ended Dec 31, 2011, surged to RM21.659 million from RM8.303 million previously. Revenue rose to RM173.994 million compared with RM142.259 million a year ago.
For the fourth quarter to Dec 31 2011, pre-tax profit rose to RM9.836 million from RM1.582 million in the same period in 2010, while revenue increased to RM51.401 million from RM38.445 million before.
The company said the better performance was mainly due to higher demand especially for Fruit Gummy and beverages products.
"The significant increase in pre-tax profit was mainly due to higher margin sales mix and improvement in cost effectiveness in our beverages production lines," it said in a filing to Bursa Malaysia today.
The company is optimistic of achieving satisfactory results in 2012 fiscal year. -- Bernama
For the fourth quarter to Dec 31 2011, pre-tax profit rose to RM9.836 million from RM1.582 million in the same period in 2010, while revenue increased to RM51.401 million from RM38.445 million before.
The company said the better performance was mainly due to higher demand especially for Fruit Gummy and beverages products.
"The significant increase in pre-tax profit was mainly due to higher margin sales mix and improvement in cost effectiveness in our beverages production lines," it said in a filing to Bursa Malaysia today.
The company is optimistic of achieving satisfactory results in 2012 fiscal year. -- Bernama
