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Financials

Quarterly Report For The Financial Period Ended 31 December 2016

Financials Archive

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Condensed Consolidated Income Statements For The Period Ended 31 December 2016 (Unaudited)

Income Statement 31 December 2016

Condensed Consolidated Statement Of Financial Position

Balance Sheet 31 December 2016

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 due to overall lower contribution from surimi operations. MPM's current quarter earnings decreased 7% against corresponding quarter due to the same reason.

    Cumulative sales increased 6% due to higher contribution from surimi-based products, fishmeal and deep sea fishing operations. Cumulative earnings decreased 7% due to lower overall contribution from surimi and prawn aquaculture operations .

  2. POA's current quarter sales increased 31% against corresponding quarter mainly due to higher CPO price. (CPO price: RM2,867 current qtr vs RM2,094 corresponding qtr) POA's current quarter earnings increased significantly due to higher contribution from Indonesia unit's oil palm operations.

    POA's cumulative sales increased 5% mainly due to higher CPO price despite severe drop in FFB processed by Sabah plantation unit. Cumulative earnings increased 39% due to higher CPO price as well as higher contribution from Indonesian plantation unit.

  3. ILF's current quarter sales increased 10% against corresponding quarter mainly due to higher volume of raw material traded. Current quarter earnings however decreased 15% against corresponding quarter mainly due to lower contributions from Indonesian and Peninsular poultry farms operation.

    Cumulative sales increased 5% due to higher unit value of feed raw materials traded. Despite lower contributions from Indonesian and Peninsular poultry farm units, cumulative earnings increased 5% mainly due to improved margin from feed raw material trade.

Review of current quarter performance with the preceding quarter.

Review of current quarter performance with the preceding quarter.

  1. MPM's current quarter sales increased 5% due to seasonal factors. Earnings increased 18% against preceding quarter due to the same reasons.

  2. POA's current quarter sales increased 32% against preceding quarter due to higher FFB processed by Indonesian plantation unit. Earnings increased significantly due to higher FFB processed by Indonesian plantation unit as well as higher CPO price.

  3. ILF's current quarter sales increased 8% against preceding quarter mainly due to higher volume of raw materials traded. Earnings however decreased 32% against preceding quarter due to lower contribution from Indonesian poultry unit as well lower raw material trade margin.

Prospects for the next quarter to 31st March 2017

Barring unforeseen events, the management are confident that Q4FY17 performance will be satisfactory.

Annual Report