KUALA LUMPUR: MSM Holdings Bhd's net profit rose 64.4% to RM76.41 million in the second quarter ended June 30, from RM46.47 million a year ago, boosted by fair value gain in derivatives by RM30.3 million.
The sugar refiner and distributor said on Wednesday, Aug 17 that revenue declined 4.2% to RM562.86 million from RM587.51 million due to a decline in sales volume for domestic sales despite higher average price in the second quarter.
At the pre-tax level, it was 43% higher at RM97.92 million compared to RM68.50 million a year ago. Earnings per share were 10.87 sen compared with 6.61 sen.
The sugar refiner and distributor said on Wednesday, Aug 17 that revenue declined 4.2% to RM562.86 million from RM587.51 million due to a decline in sales volume for domestic sales despite higher average price in the second quarter.
At the pre-tax level, it was 43% higher at RM97.92 million compared to RM68.50 million a year ago. Earnings per share were 10.87 sen compared with 6.61 sen.
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