Operation Profits
The profit from operations has declined from RM1.33 Million to RM1.15 million in 2016, which is a significant drop of 13.68% from the previous year. In FY2015 the operating profits decrease was 40.8% from prior year.
Profit Before Tax
The profit before taxation has been reduced significantly from RM0.41 million to RM0.30 million in 2016, which is a drop of 26.9%. In FY2015 the PBT was decreased from RM1.16 Million to RM0.41 i.e. a 65% from the prior year.
Profit After Tax
The Company posted a net profit after tax of RM155,430 as compared with RM 207,774 in 2016. The PAT decrease by 25.2% from the previous year. In FY2015 , the decrease was 75% from RM832,171 to RM207,774 .
Income Statement
(In Nearest RM’000)
Revenue
Gross Profit from Operations
Profit Before Tax
Taxation
Profit After Tax
Financial Result 2011 download
Financial Result 2012 download
Financial Result 2013 download
Financial Result 2014 download
Financial Result 2015 download
Financial Result 2016 download
Dividend Policy
The Company did not declare any dividend to the shareholders in FY2016. In FY2015 a final dividend of 2.5 cents per share was declared and paid to the shareholders.
Capital Gearing
The capital gearing is defined as the total company’s borrowing as a ratio to the shareholder’s fund as at Balance Sheet date. The total company’s borrowing was reduced to RM17.7 million in FY2016 from RM18.6 Million for FY2015 and FY2014. The capital gearing ratio has improved to 1.40 from 1.47 in FY2015.
Net Assets Value
The Company’s net asset value has increased from RM12.5 million to RM12.6 million. The net asset per share has not increased. The net asset value per share are indicated below:-
2016 2015 2014
Net Asset Value per share RM2.52 RM2.52 RM2.71
[ * Diluted net asset valuation in 2015 ]
Business Outlook
The economic slowdown will continue to dampen the net sales revenue in FY2017. The closure of the Beverages Division will have a negative impact on the sales revenue by RM8.8 million. The Company forecast a net sales revenue of approximately RM63.75 million. The operating divisions forecast their net sales revenue for 2017 as indicated below:-
( in RM Million ) FCT 2017 FY 2016
Dairy & Milk Powder 50.0 51.2
Disposable Soft Goods 12.3 11.6
Beverages * 1.5 10.3
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Total 63.8 73.1
__________ __________
The company will diversify into other business ventures to increase the net sales revenue for 2017-18. The Beverages division business comprised of Red Bull energy drink, Spritzer and Cactus Mineral Water , Ribena and Lucozade sports drinks ceased operation in April, 2017.
Unaudited Interim Results ( Period ended 31st May, 2017 )
( In RM Million ) YTD May 2017 YTD May 2016
Net Sales Revenue 27.452 31.552
Gross Profit and Other Income 2.963 3.235
Operating Overheads 2.922 3.092
Net Profit Before Tax 0.041 0.142
Taxation 0.028 0.042
Net Profit After Tax 0.013 0.100
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For Clarification and further enquiries, Please contact
Mr Michael K V Chai
Executive Director Finance
DID : 603- 4295 9628
Email: munxin@gmail.com
2012
2013
2014
2015
79,423
80,673
82,490
76,131
1,859
2,049
2,248
1,330
1,071
1,023
1,158
405
(309)
(337)
(326)
(197)
762
686
832
208
155
(140)
296
1,148
73,111
2016
Financial Result
Check out the 2016 Financial Report
Our Company’s turnover has declined by 3.96% from RM76.1 million to RM73.1 million in 2016. This was mainly due to the slowdown experienced by the Fonterra Milk powder segment.
KEY FINANCIAL HIGHLIGHTS – 2016
Our Company’s turnover has declined by 3.96% from RM76.1 million to RM73.1 million in 2016. This was mainly due to the slowdown experienced by the Fonterra Milk powder segment.
73.1m
Business Performance
Dairy and Milk Powder Division ( Ambient )
The Fonterra Milk Powder division experienced a significant drop in turnover of RM10.48 Million i.e. from RM61.7 million to RM51.2 million during the year.
519K
The Fonterra Chilled Division posted a net operating income of RM519,603 during the year. The Fonterra Chilled Division is a merely a logistic and service provider. The net sales turnover is taken up in the accounts of Fonterra Brands (M) Sdn. Bhd.
Dairy Chilled and Frozen Products
11.57m
The Baby diapers division turnover experienced a slight increase in turnover to RM11.57 million from RM11.54 million.
Disposal Soft Goods Division
10.3m
The Beverages Division posted an increase in turnover to RM10.3 million from RM2.86 million. The Beverages Division commenced operation on 1st August, 2015. The FY2015 turnover represents a 5 months period was not a full year comparison. This segment of the business was closed in April, 2017 due to higher operation costs in warehousing and logistics operations.