KUALA LUMPUR: TRADEWINDS (M) BHD [] net profit for the first quarter ended March 31, 2011 rose 16.4% to RM89.92 million from RM77.26 million a year earlier, due mainly to contributions from its rice, PLANTATION [] and sugar divisions.
Revenue for the quarter rose to RM1.46 billion from RM1.30 billion.
Earnings per share was 31.03 sen while net assets per share was RM6.96.
Commenting on its prospects, Tradewinds said on Monday, May 30 that the rice division expects the global rice market to be on an uptrend this year.
'However, the impact is lessened by the forward purchase of most of the Division's 2011 requirements.
'As such, the division is expected to maintain its good performance in 2011m,' it said.
It said the sugar division expects a challenging time in the coming quarters driven by anticipated higher raw sugar prices as compared to previous year due to supply and demand issues.
Nevertheless, the division would continue its focus on controlling production costs and maintaining high standard product quality to ensure continued profitability, it said.
'As for the plantation division, with the prevailing prices of palm products and the forecast increase in production in the coming quarters, the group expects the results for the remaining quarters to be better than the current quarter,' it said.
''
Revenue for the quarter rose to RM1.46 billion from RM1.30 billion.
Earnings per share was 31.03 sen while net assets per share was RM6.96.
Commenting on its prospects, Tradewinds said on Monday, May 30 that the rice division expects the global rice market to be on an uptrend this year.
'However, the impact is lessened by the forward purchase of most of the Division's 2011 requirements.
'As such, the division is expected to maintain its good performance in 2011m,' it said.
It said the sugar division expects a challenging time in the coming quarters driven by anticipated higher raw sugar prices as compared to previous year due to supply and demand issues.
Nevertheless, the division would continue its focus on controlling production costs and maintaining high standard product quality to ensure continued profitability, it said.
'As for the plantation division, with the prevailing prices of palm products and the forecast increase in production in the coming quarters, the group expects the results for the remaining quarters to be better than the current quarter,' it said.
''
No comments:
Post a Comment