F&N's Dairy Division Reported Crazy Profit
Author: Icon8888 | Publish date: Wed, 4 Nov 2015, 07:57 AM
I am overseas now, so I will keep this article short.
Yesterday F&N released its September 2015 quarterly report. Its Malaysia dairy division (which manufactures condense milk, same as Johore Tin) reported revenue of RM271 mil, 7% higher than June 2015 quarter's RM253 mil.
However, operating profit jumped by a massive 57% from RM19.97 mil to RM31.4 mil in the September quarter.
Operating margin for that division improved from 7.9% to 11.6%.
F&N attributed the strong performance to low raw material cost.
Can Johore Tin follow suit and deliver same type of performance in coming quarter ? We will soon find out by end of this month.
Stay tuned and sit tight. The rocket is about to take off.