Financials

Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

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

Income Statement

Condensed Consolidated Statement Of Financial Position

Balance Sheet

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 11% due to the same reason.

  2. POA's current quarter sales increased 30% against corresponding quarter mainly due to increase in own FFB production and FFB processed in Indonesia operation. POA's current quarter earnings increased significantly against corresponding quarter due to the same reason as well as higher CPO price (RM2,746 current qtr vs RM2,512 corresponding qtr).

  3. Despite entrant of new players in feed raw material business, ILF's current quarter sales increased 23% against corresponding quarter mainly due to higher sales contribution from feed raw material trade. Earnings however decreased 19% due to lower margins from feed raw material trade due to stiff competition, in addition Peninsular egg market was affected by over production in domestic market and poor international prices.

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 marginally against preceding quarter due to seasonal effect. However, earnings increased 18% mainly due to higher fish selling price due to overall poorer fish landing.

  2. POA's current quarter sales increased 11% against preceding quarter mainly due to improvement in FFB processed especially in Indonesia operation. Earnings however decreased 27% due to lower CPO price.(RM2746 current qtr vs RM 3129 preceding qtr).

  3. Entrant of new players in feed raw material trade resulted in ILF's current quarter sales decreasing 10% against preceding quarter mainly due to lower volume of feed raw material traded. However, earnings decreased 51% against preceding quarter mainly due to lower margins from Peninsular egg operations and feed raw material trade.

Prospects for the next quarter to 30th September 2017

Barring the unfavourable market factors of low fish cycle and Peninsular egg oversupply situation,the management remain optimistic for H2FY18 performance.