KUALA LUMPUR: DUTCH LADY MILK INDUSTRIES BHD [] reported a 46.8% increase in earnings to RM27.77 million in the second quarter ended June 30, 2011 from RM18.92 million a year ago mainly due to higher sales, a favourable sales mix and a favourable exchange rate on imported materials.
It said on Thursday, Aug 18 revenue rose 8.1% to RM200.89 million from RM185.78 million due to higher demand for liquid and powder milk. Earnings per share were 43.30 sen compared with 29.56 sen.
In the first half, earnings showed a 41.2% increase to RM56.11 million from RM39.73 million while revenue rose 11.6% to RM397.53 million from RM356.24 million.
Dutch Lady said despite the commendable first half results, its concern was the rising diary raw material prices which would pose a challenge. It expected the current year's profit to surpass the previous financial year.
It said on Thursday, Aug 18 revenue rose 8.1% to RM200.89 million from RM185.78 million due to higher demand for liquid and powder milk. Earnings per share were 43.30 sen compared with 29.56 sen.
In the first half, earnings showed a 41.2% increase to RM56.11 million from RM39.73 million while revenue rose 11.6% to RM397.53 million from RM356.24 million.
Dutch Lady said despite the commendable first half results, its concern was the rising diary raw material prices which would pose a challenge. It expected the current year's profit to surpass the previous financial year.
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