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Malayan Flour Q2 revenue hits RM466.4m
by hlk Tue 23 Aug 2011, 22:50
Malayan Flour Mills Bhd's (MFM) pre-tax profit for the second quarter ended June 30, 2011 rose to RM22.766 million from RM21.766 million in the corresponding quarter of the previous financial year.
In a filing with Bursa Malaysia today, MFM said revenue rose to RM466.314 million from RM342.721 million previously.
"The growth in pre-tax profit was underpinned by better demand and margins in poultry products," it said.
For the half year, its pre-tax profit rose to RM62.740 million from RM48.378 million in the corresponding period of 2010, while revenue increased to RM925.323 million from RM672.012 million previously.
MFM said it would continue to encounter volatility in commodity prices, fuel, ocean freight and foreign exchange rates in the midst of an uncertain global economic environment.
"In view of the uncertainties, the board of directors is cautiously optimistic of the performance for 2011," it said. -- Bernama
In a filing with Bursa Malaysia today, MFM said revenue rose to RM466.314 million from RM342.721 million previously.
"The growth in pre-tax profit was underpinned by better demand and margins in poultry products," it said.
For the half year, its pre-tax profit rose to RM62.740 million from RM48.378 million in the corresponding period of 2010, while revenue increased to RM925.323 million from RM672.012 million previously.
MFM said it would continue to encounter volatility in commodity prices, fuel, ocean freight and foreign exchange rates in the midst of an uncertain global economic environment.
"In view of the uncertainties, the board of directors is cautiously optimistic of the performance for 2011," it said. -- Bernama
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