Guan Chong profit up on improved sales


  • Business
  • Saturday, 17 Nov 2012

PETALING JAYA: Cocoa processor Guan Chong Bhd’s net profit rose 5.6% to RM27.41mil in the third quarter ended Sept 30 compared to the same quarter a year ago supported by a 5.9% increase in sales volume and improved profit margin.

The company said in a filing with Bursa Malaysia that revenue declined 4.7% to RM348.47mil due to lower average selling prices of cocoa ingredients and the drop in cocoa bean prices.

In a separate announcement, it declared an interim dividend of 2 sen per share, bringing the total dividend payout to 9 sen per share or RM31.8mil for the current financial year.

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Business , Guan Chong , net profit

   

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