KUALA LUMPUR: DUTCH LADY MILK INDUSTRIES BHD [] net profit for the first quarter ended March 31, 2011 rose 36.2% to RM28.34 million from RM20.81 million a year earlier, due mainly to higher sales, favourable sales mix and cheaper carry-over stocks.
Revenue for the quarter rose to RM196.64 million from RM170.45 million in 2010. Earnings per share was 44.28 sen while net assets per share was RM3.53.
The company also declared a special gross interim dividend of 30 sen per share in respect of the financial year ending Dec 31, 2011 to be paid on July 1.
On its prospects, Dutch Lady said on Wednesday, May 18 that after a relatively stable year for imported dairy raw material prices in 2010, prices had risen sharply in the second quarter of 2011.
It said this was mainly a result of strong demand from emerging markets and climate changes that was affecting the milk powder exporting countries.
It said this would increase its input costs substantially and would impact its current year results.
'In view of this, the company is taking measures to mitigate these input cost pressures.
'However, these actions may not completely compensate for the full cost increases in the year,' it said.
Revenue for the quarter rose to RM196.64 million from RM170.45 million in 2010. Earnings per share was 44.28 sen while net assets per share was RM3.53.
The company also declared a special gross interim dividend of 30 sen per share in respect of the financial year ending Dec 31, 2011 to be paid on July 1.
On its prospects, Dutch Lady said on Wednesday, May 18 that after a relatively stable year for imported dairy raw material prices in 2010, prices had risen sharply in the second quarter of 2011.
It said this was mainly a result of strong demand from emerging markets and climate changes that was affecting the milk powder exporting countries.
It said this would increase its input costs substantially and would impact its current year results.
'In view of this, the company is taking measures to mitigate these input cost pressures.
'However, these actions may not completely compensate for the full cost increases in the year,' it said.
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