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QL Resources 1Q earnings edge up on livestock
by hlk Mon 22 Aug 2011, 20:43
KUALA LUMPUR: QL RESOURCES BHD []’s earnings edged up 3.7% to RM27.79 million in the first quarter ended June 30, 2011 from RM26.79 million a year ago
It said on Monday, Aug 22 its revenue increased 18.2% to RM454.56 million from RM384.51 million. Earnings per share were 3.34 sen compared with 3.43 sen.
It said the higher revenue was due to the marine product manufacturing at RM104.66 million, palm oil activities RM114.85 million and integrated livestock farming RM235.05 million.
However, it was cautiously optimistic about the group’s performance for the second quarter ending Sept 30.
When compared with the fourth quarter ended March 31, 2011, it said the marine product manufacturing sales declined 7% due to poor fish landing and seasonal factors. However, earnings rose 7% due to overall improved margins.
As for the palm oil activities, 1Q sales rose 11% due to higher fresh fruit bunches processed. However, its livestock faming sales declined 18% due to lower raw material. Earnings fell 38% due to lower margins from the raw material trade.
It said on Monday, Aug 22 its revenue increased 18.2% to RM454.56 million from RM384.51 million. Earnings per share were 3.34 sen compared with 3.43 sen.
It said the higher revenue was due to the marine product manufacturing at RM104.66 million, palm oil activities RM114.85 million and integrated livestock farming RM235.05 million.
However, it was cautiously optimistic about the group’s performance for the second quarter ending Sept 30.
When compared with the fourth quarter ended March 31, 2011, it said the marine product manufacturing sales declined 7% due to poor fish landing and seasonal factors. However, earnings rose 7% due to overall improved margins.
As for the palm oil activities, 1Q sales rose 11% due to higher fresh fruit bunches processed. However, its livestock faming sales declined 18% due to lower raw material. Earnings fell 38% due to lower margins from the raw material trade.
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