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Kuantan Flour Mills fiscal Q3 loss widens 7.6% YOY

Kuantan Flour Mills Bhd. said its normalized net income for the fiscal third quarter ended June 30 was a loss of 2 Malaysian sen per share, compared with a loss of 2 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.2 million ringgits, compared with a loss of 1.1 million ringgits in the prior-year period.

The normalized profit margin increased to negative 149.9% from negative 249.7% in the year-earlier period.

Total revenue climbed 79.3% on an annual basis to 796,000 ringgits from 444,000 ringgits, and total operating expenses increased 11.7% year over year to 2.5 million ringgits from 2.2 million ringgits.

Reported net income came to a loss of 1.9 million ringgits, or a loss of 3 sen per share, compared to a loss of 1.8 million ringgits, or a loss of 3 sen per share, in the year-earlier period.

As of Aug. 30, US$1 was equivalent to 4.07 ringgits.