Or to enter Myanmar the ‧ horse flour mill 40 million increase Malaysia 2013-05-17 11:11
(Kuala Lumpur 16) Ma Flour (MFLOUR, 3662, consumer goods group) raw material prices are expected to steady downward optimistic flour turnover increase at least 5% this year, while not excluding into Myanmar.
To expand the production line of Pasir Gudang
In addition, the company also allocated 40 million ringgit capital expenditures to expand Pasir Gudang flour mill production line is expected to be completed in September this year, can increase the production of 400 tons per day.
After the general meeting, the company's Managing Director Zheng fiscal flour as per capita consumption grows, flour turnover contribution is expected to rise by at least 5%.
He pointed out that the flour raw materials such as wheat, corn producing countries is improving yield, foresee prices will be steady and down within the next six months, the currency exchange rate are within the acceptable range, hope the next maintain price stability, ease of company planning business.
In 2012, flour contribution representing 57% of the overall turnover, but the pre-tax net profit due to high raw material costs and low sales prices fell 20% to 950 million ringgit.
Last year's earnings performance is not ideal, in addition to the challenges of the high prices of raw materials, the government did not increase the level of subsidy with the purpose flour (General Purpose Flour) supply is also one of the main reasons for this situation the company has reacted to the relevant departments for adjustment allowance, wait for its response, the conclusion at the end of the third quarter of this year. "
He said that since 2007, the government to control inflation, start allowances purpose flour, due to the price lower lead to greatly increased demand, but the authorities did not expand its supply, the adjustment of the monthly allowance solid hit, and then impact on profit performance.
As for the overseas business of flour, following the success off the foot of Vietnam and Indonesia, the company's main 席丹斯里阿沙 said, do not rule into Myanmar and Indonesia expansion.
Turnaround in the first quarter
On the other hand, the horse flour mills announced a turnaround in the first quarter ended March 31, 2013, for $ 22 million ringgit net profit, turnover increased by 11.6% to 500 million $ 126 million ringgit. (Sin Chew Daily / Finance)
Yah my portfolio, out of cash no average down during low pricing, company pay no good bonus lasy year never average out....just looking only... loh now even oredi..need 2 cts more for dividend can buy roti canai.... LOL
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faizalasrul
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Posted by faizalasrul > 2013-05-17 16:47 | Report Abuse
buy and keep