Quarterly Report For The Financial Period Ended 31 March 2011
Review Of Perforzmance For The Current Quarter And Financial Period To-Date
- MPM’s current quarter sales increased 21% against corresponding quarter due to higher volume of surimi-based products and fishmeal sold. Cumulatively, sales improved 26% due to overall good catch especially in Sabah.
- Earnings for the current quarter decreased 19% due to lower fish meal margin. Cumulatively, earnings increased 15% due to strong 1st half fishmeal prices and good catch.
- POA’s current quarter sales increased 11% against corresponding quarter mainly due to higher CPO prices.(Q4FY2011 of RM3,653 vs Q4FY2010 of RM2,512) Cumulatively, sales increased 23% due to higher CPO prices.(Average for FY2011 of RM2,969 vs RM2,355)
- Despite new contribution from Associate (Boilermech), POA’s current quarter earnings decreased marginally against corresponding quarter due to acute ‘La Nina’ effect resulting in lower FFB processed and low OER (Oil Extraction Rate). Cumulatively, earning decreased 34% for the same reason.
- ILF’s current quarter sales increased 26% against corresponding quarter due to higher volume and unit value of raw materials as well as farm products sold. Cumulatively, sales increased 27% due to the the same reason.
- Earnings increased 42% against corresponding quarter due to better margins from raw material trade as well as farm products. Cumulatively, earnings increased 27% due to the the same reason.
