MFM sees recovery in earnings


PETALING JAYA: Malayan Flour Mills Bhd (MFM) is seeing a recovery in its earnings with the increase in selling prices and lower wheat costs.

AmInvestment Bank Research said the MFM’s net profit for the first quarter of financial year 2019 (FY19) was within its forecast, on the back of earnings recovery of the company’s flour and poultry divisions.

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