MSM posts loss after tax


Despite a sequential pick-up in domestic volumes, the research unit said ASPs have yet to recover due to the protracted glut in sugar supply as a result of approved permits (AP) as well as smuggled sugar

KUALA LUMPUR: MSM Malaysia Holdings Bhd (MSM) registered a loss after tax of RM10.39mil against a profit after tax of RM9.32mil a year ago for its fourth quarter ended Dec 31, 2018.

Revenue for the October to December quarter fell 16.43% to RM531.13mil against RM635.56mil a year ago.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MSM , sugar , refinery , Felda , ventures , loss , tax ,

   

Next In Business News

Malaysia's manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth - S&P Global
DBS quarterly results trounce forecasts, another record year expected
Ringgit opens slightly lower against US$ as Fed leaves rate unchanged
F&N sees strong consumer demand
Soft start on Bursa following Fed comments
Trading ideas: Duopharma, Bursa Malaysia, SEGi, Capital A, Rimbunan Sawit, Tasco, Atrium REIT, KSL, GUH, Mentiga and F&N
Domestic demand to galvanise GDP in 2Q
Recto pegs 1Q GDP growth at below 6%
Versa introduces enticing rewards for users
S’pore manufacturing, services firms upbeat about next two quarters

Others Also Read