MSM revenue up on better selling price


In a statement, MSM president and CEO Mohamad Amri Sahari said the group

PETALING JAYA: Refined sugar producer MSM Malaysia Holdings Bhd registered 26% higher revenue at RM838.31mil for the fourth quarter (Q4) of financial year ended Dec 31, 2016 (FY16), bringing its full-year revenue to RM2.66bil.

The increase in revenue for the quarter under review was attributable to improved selling price and higher volume of refined sugar sold, as well as better trading revenue.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global
Supermax buys remaining 33% stake in SHCI for RM18.96mil
Scientex to deploy large scale solar PV system at its facilities nationwide
Ahmad Maslan: RM180bil allocation available for projects in construction sector this year
MR D.I.Y. plans 180 new stores in 2024, targets 2,000 by 2028
Daniel Wong charged with abetting former MD of Multi-Code for securities fraud
Salcon unit bags RM9.7mil sewerage treatment plant contract
Globetronics expects challenging outlook for semiconductor sector

Others Also Read