KUALA LUMPUR:'' UNITED MALACCA BHD [] net profit for the third quarter ended Jan 31, 2011 rose 16.6% to RM18.74 million from RM16.07 million, due to mainly to higher crude palm oil (CPO) and palm kernel prices.
Revenue for the quarter increased to RM47.08 million from RM43.43 million. Earnings per shares was 9.26 sen, while net assets per share was RM4.91.
For the nine months ended Jan 31, United Malacca's net profit rose to RM58.69 million compared to RM49.05 million in 2010, on the back of revenue RM144.25 million.
Reviewing its performance, United Malacca said on Monday, March 28 that the prolonged drought (El-Nino) in the early part of 2010 and the heavy rain (La-Nina) and floods in the December 2010 to January 2011 had adversely affected the FFB production for the current financial ''year.
"However, with the additional area coming into harvesting, the FFB production for the financial year ending April 30, is expected to be at about last year's level.
"With the current strong CPO price, the group is expecting better performance for the financial year ending April 30,l 2011," it said.
Revenue for the quarter increased to RM47.08 million from RM43.43 million. Earnings per shares was 9.26 sen, while net assets per share was RM4.91.
For the nine months ended Jan 31, United Malacca's net profit rose to RM58.69 million compared to RM49.05 million in 2010, on the back of revenue RM144.25 million.
Reviewing its performance, United Malacca said on Monday, March 28 that the prolonged drought (El-Nino) in the early part of 2010 and the heavy rain (La-Nina) and floods in the December 2010 to January 2011 had adversely affected the FFB production for the current financial ''year.
"However, with the additional area coming into harvesting, the FFB production for the financial year ending April 30, is expected to be at about last year's level.
"With the current strong CPO price, the group is expecting better performance for the financial year ending April 30,l 2011," it said.
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