KUALA LUMPUR: Main Market-bound MSM Malaysia Holdings Bhd's net profit for the first quarter ended March 31, 2011 surged to RM62.2 million from RM12.04 million a year earlier, due mainly to increase in sales volume and higher sales price of refined sugar products.
Revenue for the quarter rose to RM503.17 million from RM497.75 million. Earnings per share was 8.82 sen while net assets per share was RM1.58.
Commenting on its current year prospects, MSM Malaysia said on Thursday, June 23 that notwithstanding the volatility of commodity prices, the group was expected to be able to sustain its satisfactory performance.
MSM Malaysia is the largest refined sugar producer in Malaysia and is set for listing on the Main Market on June 28.
Revenue for the quarter rose to RM503.17 million from RM497.75 million. Earnings per share was 8.82 sen while net assets per share was RM1.58.
Commenting on its current year prospects, MSM Malaysia said on Thursday, June 23 that notwithstanding the volatility of commodity prices, the group was expected to be able to sustain its satisfactory performance.
MSM Malaysia is the largest refined sugar producer in Malaysia and is set for listing on the Main Market on June 28.
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