Скачать или смотреть MSM Malaysia Back To Black In Q2 2018

MSM Malaysia Holdings Bhd (MSM) returned to black with a net profit of RM14.33 in the second quarter ended June 30th, 2018.

This, in comparison to the net loss of RM21.45 million recorded in the same period a year ago.

Revenue, however, slipped 17.1 per cent year-on-year to RM573.22 million amid a seven per cent reduction in the overall tonnage sold and lower average selling price. 

In a filing with Bursa Malaysia today, MSM attributed the much-improved performance to lower raw material costs and favourable foreign exchange rate.

On prospects, MSM said the second half of 2018 would be challenging, given the potential changes in domestic sugar policies and challenging market environment.

However, the group maintains its positive outlook and expects to pursue strategic initiatives to remain resilient and profitable.