Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.
KUALA LUMPUR: Malayan Flour Mills Bhd
saw its Q2 net profit fall sharply to RM4.77mil from RM16.15mil in the corresponding quarter last year on the back of 4.9% lower revenue of RM547.7mil.
In a filing with the stock exchange, the group said the drop in earnings was due to lower profits from flour and grains trading and poutry integration segments as well as a loss of equity from its Indonesian joint venture.
The JV incurred a loss of RM3.6mil in the quarter under review as compared to a share of profit of RM1.9mil in the 2017 quarter.
The flour and grains trading segment saw a slight increase in operating profit from RM11.1mil to RM11.7mil on revenue of RM381.3mil versus RM374.9mil in Q2 2017.
However, the poultry integration segment saw a significant decrease in operating profit of RM2.5mil from RM11.1mil in Q2 2017 as revenue slid to RM166.5mil versus RM201mil in the previous corresponding quarter.
The group said this was mainly due to lower volume and margins arising from sales of live birds and net fair value loss on biological assets of RM1.6mil in Q2 2018 as compared to a net fair value gain on biological assets of RM7mil in Q2 2017.
"Excluding the impact from the fluctuation of fair value of biological assets, the operating profit remained consistent," it said.
The board of directors has declared an interim dividend of two sen per share.
