Financials

Quarterly Report For The Financial Period Ended 30 September 2017

Financials Archive

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.

Condensed Consolidated Income Statements For The Period Ended 30 September 2017 (Unaudited)

Income Statement

Condensed Consolidated Statement Of Financial Position

Review of performance for the current quarter and financial period to-date

Review of performance for the current quarter and financial period to-date.

Review of performance for the current quarter and financial period to-date

  1. MPM's current quarter sales decreased marginally against corresponding quarter mainly due to post El-Nino low fish cycle in Malaysia water especially Kota Kinabalu unit. Earnings for the current quarter decreased 19% due to the same reason.

    Similarly cumulative sales decreased marginally due to the same reason. Cumulative earnings decreased 15% due to the same reason.

  2. POA's current quarter sales increased 14% against corresponding quarter mainly due to increase in own FFB production and FFB processed.

    POA's current quarter earnings increased 18% against corresponding quarter mainly due to higher FFB production and processed as well as higher CPO price (RM2,650 current qtr vs RM2,507 corresponding qtr).

    POA's cumulative sales and earning increased 23% and 84% respectively due to the same reasons.

  3. ILF's current quarter sales increased 16% against corresponding quarter mainly due to higher sales contribution from Indonesia Poultry unit as well as higher volume of feed raw material traded. Earnings increased 26% due to higher contribution from Indonesia and East Malaysia Poultry units.

    Similarly ILF's cumulative sales increased 19% against corresponding quarter due to the same reasons. Cumulative earnings increased 10% mainly due to higher contribution in Q2 from Malaysia and Indonesian poultry units.

Review of current quarter performance with the preceding quarter.

Review of current quarter performance with the preceding quarter.

  1. Despite seasonal effect, MPM's current quarter sales only increased marginally against preceding quarter due to continuing post El-Nino low fish cycle in Sabah. Earnings increased marginally due to the same reason.

  2. POA's current quarter sales decreased 33% against preceding quarter mainly due to lower FFB processed and lower CPO price (RM2650 current qtr vs RM2746 preceding qtr). Earnings decreased 47% due to the same reason.

  3. ILF's current quarter sales increased 15% against preceding quarter mainly due to higher contribution from Indonesia poultry unit as well as higher volume of raw material trade. Earnings increased significantly against preceding quarter due to the higher contribution from domestic and overseas poultry units.

Prospects for the next quarter ending 31st December 2017

Barring unforseen events, the management are confident that Q3FY18 performance will continue to be satisfactory.