Financials
Quarterly Report For The Financial Period Ended 30 June 2011
Financials Archive
Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.
Condensed Consolidated Statement of Comprehensive Income
(The figures have not been audited)
Condensed Consolidated Statement of Financial Position
(The figures have not been audited)
Review of Performance
The Group recorded revenue of RM220.4 million for the six months ended 30 June 2011 compared with RM143.6 million reported in the corresponding period of the preceding year. The increase of RM76.8 million or 53.5% was mainly attributable to the net effect of higher realised average selling prices of crude palm oil ("CPO") and palm kernel ("PK"), higher sale volume of CPO and lower sales volume of PK as compared to the corresponding period of the preceding year.
The realised average selling prices of CPO and PK have increased by 37.3% and 87.8% respectively in the current financial period primarily due to improvement in global vegetable oil prices. The sales volume of CPO has increased by 7.0% and that of PK decreased by 10.9% in the current financial period.
The Group's profit before tax for the current financial period was higher by RM22.8 million as compared to the corresponding period of the preceding year principally due to higher realised average selling prices of CPO and PK.
Prospects For The Current Financial Year
The performance of the Group is largely dependent on the production, operational efficiency and price of CPO.
The Directors are of the opinion that the Group will continue to perform well for the current financial year subject to a stable market for crude oil and global oils and fats.