KUALA LUMPUR: ''DUTCH LADY MILK INDUSTRIES BHD [] shares rose on Friday, Aug 19 after 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.
At 9.20am, Dutch Lady added 52 sen to RM18.76 with 12,00 shares traded.
The company said on Aug 18 that the increase in earnings was mainly due to higher sales, a favourable sales mix and a favourable exchange rate on imported materials.
It said 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.
At 9.20am, Dutch Lady added 52 sen to RM18.76 with 12,00 shares traded.
The company said on Aug 18 that the increase in earnings was mainly due to higher sales, a favourable sales mix and a favourable exchange rate on imported materials.
It said 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.
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