Malayan Flour Mills posts improved 2Q on disposal gain

KUALA LUMPUR: Malayan Flour Mills Bhd posted a net profit of RM128.31mil in the second quarter ended June 30, 2021, compared to a net loss of RM4.48mil in the previous corresponding quarter on the back of a one-off gain from the disposal of equity in DTSB Group.

On Feb 2, the group incorporated DTSB and entered into a share transfer agreement to transfer its poultry, feed milling and poultry processing units into the company. The financial results of DTSB was disclosed as a discontinued operation in the quarter ended June 30, 2021.