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Financials

Quarterly Report For The Financial Period Ended 31 December 2017

Financials Archive

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Condensed Consolidated Income Statements For The Period Ended 31 December 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 increased 16% against corresponding quarter due to overall higher contribution from surimi-based products operation. MPM's current quarter earnings however decreased 14% against corresponding quarter due to lower contribution from surimi and fishmeal operations as a result of post El-Nino low fish cycle In Malaysia water especially Kota Kinabalu unit.

    Similarly cumulative sales and earnings increased 5% and decreased 15% respectively due to the same reasons.

  2. POA's current quarter sales increased 16% against corresponding quarter mainly due to higher FFB production and FFB processed. POA's current quarter earnings however did not increased due to lower CPO price and lower OER (consequence of heavy rainfall). (CPO price: RM2,592 current qtr vs RM2,867 corresponding qtr)

    POA's cumulative sales and earnings increased 20% and 30% respectively mainly due to increase in own FFB production and FFB processed.

  3. ILF's current quarter sales increased 9% against corresponding quarter mainly due to higher contribution from poultry farms operation. Current quarter earnings increased 47% against corresponding quarter mainly due to higher contributions from Indonesian and East Malaysia poultry farms operation.

    Cumulative sales and earnings increased 15% and 22% respectively due to the same reasons.

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 22% due to seasonal factors. Earnings increased 24% against preceding quarter due to the same reasons.

  2. POA's current quarter sales increased 34% against preceding quarter due to higher FFB processed by Indonesian plantation unit. Earnings increased significantly due to higher FFB processed by Indonesian plantation unit.

  3. ILF's current quarter sales increased marginally against preceding quarter mainly due to higher contribution from poultry farming activities (domestically & regionally) being offset by lower volume of raw materials traded.

    Earnings decreased 21% against preceding quarter due to lower contribution from Peninsular poultry units as well lower raw material trade margin.

Prospects for the next quarter ending 31st March 2018

The management are cautiously optimistic on Q4FY18 performance to deliver another year of growth.


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