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Categories
| MHC Plantations 2Q net profit at RM4m |
| Business & Market 2009 | |||
| Written by Financial Daily | |||
| Friday, 31 July 2009 11:09 | |||
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Revenue for the quarter dropped 23.5% to RM6.76 million from RM8.83 million in the corresponding quarter of FY08. Earnings per share slipped to 4.81 sen from 8.62 sen. In a statement to Bursa Malaysia, MHC said its revenue for the quarter was affected by lower prices for FFB despite an 11% increase in production. Going forward, the company said its directors were confident that increasing yield from maturing palms and favourable palm oil prices would benefit the group. On May 29, MHC paid the final dividend in respect of FY08 at 3% less tax per share amounting to RM1.89 million. This article appeared in The Edge Financial Daily, July 31, 2009.
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