Sugar producer MSM’s Q1 earnings 9% lower


KUALA LUMPUR: Sugar producer MSM Malaysia Holdings Bhd’s earnings in the first quarter ended March 31, 2014 was lower by 9% year-on-year, coming in at RM56.3mil compared to RM62mil.

Revenue slipped 3.2% to RM498.2mil from RM515mil previously, and profit before tax fell 13% to RM71mil from RM82.8mil.

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