Malayan Flour Mills Bhd has reported a lower profit before tax of RM103.611 million for the year ended Dec 31, 2011 from RM127.893 million previously.
Revenue for the period concerned increased to RM1.918 billion from RM1.55 billion previously, it said in filing to Bursa. The decline in profit was mainly due to a lower profit margin.
The flour segment recorded revenue of RM858.3 million in FY2011, an increase of 12 per cent compared to RM764.5 million in FY2010, mainly due to higher selling prices.
However, the operating profit of RM65.9 million in FY2011 was 40 per cent lower than RM109.1 million in FY2010, due to a higher increment in raw material cost, resulting in lower profit margin for its products. -- Bernama
Revenue for the period concerned increased to RM1.918 billion from RM1.55 billion previously, it said in filing to Bursa. The decline in profit was mainly due to a lower profit margin.
The flour segment recorded revenue of RM858.3 million in FY2011, an increase of 12 per cent compared to RM764.5 million in FY2010, mainly due to higher selling prices.
However, the operating profit of RM65.9 million in FY2011 was 40 per cent lower than RM109.1 million in FY2010, due to a higher increment in raw material cost, resulting in lower profit margin for its products. -- Bernama
