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Disappointing December quarter for sugar maker MSM


KUALA LUMPUR: Sugar manufacturer MSM Holdings Bhd posted its first quarterly losses since June 2017, on lower sales volume and cheaper average selling prices.

The company posted a net loss of RM10.39mil in the three months ended Dec 31, as revenue dropped 16.4% to RM531mil. This reduced the group’s full year net profit to RM35.6mil.

Corporate News , MSM , sugar

   

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