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Guan Chong reports 3Q loss

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Guan Chong reports 3Q loss Empty Guan Chong reports 3Q loss

Post by Cals Tue 26 Nov 2013, 05:13

Guan Chong reports 3Q loss
Business & Markets 2013
Written by Jonathan Gan of theedgemalaysia.com   
Monday, 25 November 2013 21:08
KUALA LUMPUR (Nov 25): Guan Chong Bhd  reported a loss of RM11.8 million for the third quarter to September 2013, from a net profit of RM 27.4 million in similar quarter of the previous financial year.

Revenue for the quarter under review fell to RM 328.2 million from RM 348.4 million.

“The decrease of 5.8% in turnover is mainly due to the declining selling price of cocoa powder and cocoa cake,” it said.

For the cumulative 9 months, profits totalled RM 12.1 million,  down from RM 94 million from a similar period a year ago

Revenue for the cumulative 9 months under review fell to RM 991.6 million from RM 1.01 billion from a similar period a year ago.
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