Financials

Quarterly Report For The Financial Period Ended 31 March 2018

Financials Archive

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Condensed Consolidated Income Statements For The Period Ended 31 March 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 decreased 3% and 18% respectively against corresponding quarter due to post El-Nino low fish cycle In Malaysia water especially Kota Kinabalu unit.

    Similarly cumulative sales and earnings increased 3% and decreased 15% respectively due to the same reasons.

  2. POA's current quarter sales decreased 14% against corresponding quarter mainly due to lower CPO price. POA's current quarter earnings decreased 18% due to lower CPO price as well as lower OER experienced by Indonesia plantation unit. (CPO price: RM2,426 current qtr vs RM3,129 corresponding qtr)

    POA's cumulative sales increased 10% mainly due to increase in own FFB production and processed. Cumulative earnings increased 12% due to the same reason.

  3. ILF's current quarter sales decreased 2% against corresponding quarter mainly due to lower volume of raw material traded. Current quarter earnings increased marginally against corresponding quarter mainly due to better contributions from poultry farms operation.

    However cumulative sales and earnings increased 11% and 16% respectively due to higher overall contribution from East Malaysia and 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 only decreased 22% against preceding quarter due to seasonal factor. Earnings decreased 45% against preceding quarter due to the same reason.

  2. POA's current quarter sales decreased 13% against preceding quarter due to lower CPO price (RM2,426 in Q4) vs RM2,592 in Q3). Earnings decreased 25% due to lower CPO price, lower OER as well as lower volume of FFB processed in Q4.

  3. ILF's current quarter sales decreased 6% against preceding quarter was mainly due to lower contribution from Indonesian Poultry units. ILF's current quarter earnings decreased 6% against preceding quarter was mainly due to lower contribution from Peninsular and Indonesian Poultry units.

Prospects for the next quarter ending 31st March 2019

Barring unforeseen events, the management are confident that FY2019 performance will improve against FY2018.