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Financials

Quarterly Report For The Financial Period Ended 30 June 2018

Financials Archive

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Condensed Consolidated Income Statements For The Period Ended 30 June 2018 (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 and earnings remained almost flat mainly due to slower recovery of post El-Nino low fish cycle in Malaysia water.

  2. POA's current quarter sales decreased 38% against corresponding quarter mainly due to:

    • decrease in own FFB production caused by poorer fruit setting in Indonesia plantation unit due to excessive rainfall as well as post El-Nino tree stress on older plant in Tawau.
    • decrease in FFB processed in Indonesia operation due to entrant of new CPO mills, resulting in less outside FFB crop.

    POA's current quarter earnings also decreased 51% against corresponding quarter due to the same reason as well as lower OER (poor fruit setting & labour shortage) & lower CPO price. (RM2,364 current qtr vs RM2,746 corresponding qtr)

  3. ILF's current quarter sales increased 18% against corresponding quarter mainly due to higher sales contribution from feed raw material trade. Earnings increased 31% due to better margins from feed raw material trade as well as higher contribution from regional poultry operations.

Review of current quarter performance with the preceding quarter.

Review of current quarter performance with the preceding quarter.

  1. MPM's current quarter sales and earnings increased 5% and 42% respectively against preceding quarter due to seasonal effect and improved prawn aquaculture performance.

  2. POA's current quarter sales decreased 20% against preceding quarter mainly due to:

    • decrease in own FFB production caused by poorer fruit setting in Indonesia plantation unit due to excessive rainfall as well as post El-Nino tree stress on older plant in Tawau.
    • decrease in FFB processed in Indonesia operation due to entrant of new CPO mills, resulting in less outside crop.

    POA's current quarter earnings also decreased 45% against preceding quarter due to the same reason as well as lower OER (poor fruit setting & labour shortage) & lower CPO price. (RM2,364 current qtr vs RM2,426 preceding qtr)

  3. ILF's current quarter sales increased 8% against preceding quarter mainly due to higher volume and higher unit value of feed raw material. Earnings increased 10% against preceding quarter mainly due to higher margins from feed raw material trade.

Prospects for the year ending 31st March 2019

Barring unforeseen events, the management are confident that FY2019 performance will be better than FY2018.


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