KUALA LUMPUR: LONDON BISCUITS BHD []'s net profit fell sharply to RM804,000 in the third quarter ended March 31, 2011 from RM4.03 million a year ago and the company expected the year to be challenging.
It announced on Monday, June 6 that revenue fell to RM65.10 million from RM50.92 million while earnings per share were 0.84 sen compared with 4.64 sen.
'The group's result is within management's expectation in view of the impact of the strength of the ringgit and increase in raw material cost,' it said.
For the nine-month period, net profit was RM6.22 million compared with RM11.65 million despite higher revenue at RM183.79 million versus RM152.14 million.
It announced on Monday, June 6 that revenue fell to RM65.10 million from RM50.92 million while earnings per share were 0.84 sen compared with 4.64 sen.
'The group's result is within management's expectation in view of the impact of the strength of the ringgit and increase in raw material cost,' it said.
For the nine-month period, net profit was RM6.22 million compared with RM11.65 million despite higher revenue at RM183.79 million versus RM152.14 million.
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