KUALA LUMPUR: Kulim (Malaysia) Bhd sees another good year in 2011 after its earnings jumped 105% to RM127.10 million in the first quarter ended March 31, 2011 (1QFY11) from RM61.89 million a year ago.
It reported on Friday, May 27 revenue climbed 34% to RM1.657 billion from RM1.234 billion while earnings per share were 10.12 sen compared with 16.40 sen a year ago.
Pre-tax profit surged 154% to RM381.21 million in 1QFY11 compared to RM150.09 million a year.
'Palm products prices are off their recent high but they are still at attractive levels and looks resilient for the coming months. The group is optimistic for a continuation of a good 1st quarter performance into the later quarters of the year,' it said.
Kulim said the food and restaurants group was growing within expectation in revenue and profits. It said while there were challenges in managing costs increases but these had been successfully managed by sale volume increases, and in the current year the ameliorating effect of the strong ringgit.
It was also upbeat for the shipping services, which it said would be boosted with the delivery of two new vessels. 'The sector is expected to contribute positive results this year,' it said.
In its review of the 1QFY11 operations, Kulim said the firmer palm products prices secured for the quarter contributed to the significantly better performance on the oil palm sector. NBPOL recorded favourable result from price effects as well as higher sales from the larger group post Kula (CTP) acquisition completed in May last year.
Kulim said the group's fresh fruit bunches (FFB) production for 1Q was 0.72% higher at 115,615 tonnes compared to 114,789 tonnes.
Total FFB processed by the Group mills for 1QFY11 was 175,068 tonnes which was 0.47% lower compared to a year ago.'' The group's oil extraction rate for 1Q2011 was 19.90% compared to 20.65% a year ago.
On QSR group, it said QSR posted revenue of RM779.8 million, up 7.6% from RM724.7 million a year ago. Profit before tax of RM63.7 million compared with RM60.0 million a year ago.
KFC Holdings (Malaysia) Bhd's revenue rose 7.2% to RM644.2 million from RM600.7 million. The KFC restaurants segment saw its revenue increase 9.4% to RM489.5 million while the integrated poultry segment saw its revenue grow 4.8% to RM130.9 million.
KFCH registered a profit before tax of RM52.7 million in the 1QFY11 current quarter as against RM50.1 million a year ago.
It reported on Friday, May 27 revenue climbed 34% to RM1.657 billion from RM1.234 billion while earnings per share were 10.12 sen compared with 16.40 sen a year ago.
Pre-tax profit surged 154% to RM381.21 million in 1QFY11 compared to RM150.09 million a year.
'Palm products prices are off their recent high but they are still at attractive levels and looks resilient for the coming months. The group is optimistic for a continuation of a good 1st quarter performance into the later quarters of the year,' it said.
Kulim said the food and restaurants group was growing within expectation in revenue and profits. It said while there were challenges in managing costs increases but these had been successfully managed by sale volume increases, and in the current year the ameliorating effect of the strong ringgit.
It was also upbeat for the shipping services, which it said would be boosted with the delivery of two new vessels. 'The sector is expected to contribute positive results this year,' it said.
In its review of the 1QFY11 operations, Kulim said the firmer palm products prices secured for the quarter contributed to the significantly better performance on the oil palm sector. NBPOL recorded favourable result from price effects as well as higher sales from the larger group post Kula (CTP) acquisition completed in May last year.
Kulim said the group's fresh fruit bunches (FFB) production for 1Q was 0.72% higher at 115,615 tonnes compared to 114,789 tonnes.
Total FFB processed by the Group mills for 1QFY11 was 175,068 tonnes which was 0.47% lower compared to a year ago.'' The group's oil extraction rate for 1Q2011 was 19.90% compared to 20.65% a year ago.
On QSR group, it said QSR posted revenue of RM779.8 million, up 7.6% from RM724.7 million a year ago. Profit before tax of RM63.7 million compared with RM60.0 million a year ago.
KFC Holdings (Malaysia) Bhd's revenue rose 7.2% to RM644.2 million from RM600.7 million. The KFC restaurants segment saw its revenue increase 9.4% to RM489.5 million while the integrated poultry segment saw its revenue grow 4.8% to RM130.9 million.
KFCH registered a profit before tax of RM52.7 million in the 1QFY11 current quarter as against RM50.1 million a year ago.
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