Cocoaland’s pre-tax profit fell by 39.8% to RM6.5mil from RM10.8mil a year ago achieved. Its revenue decreased by 6.9% to RM61.02mil from RM65.59mil.
KUALA LUMPUR: Snack product manufacturer Cocoaland Holdings Bhd’s net profit for the first quarter ended March 31,2020 fell by 39% to RM5.12mil from RM8.42mil a year ago.
“The decrease was mainly attributable to higher factory labour overhead and higher advertising expenditure in tandem with the declining revenue, ” it said in a statement on Wednesday.
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