KUALA LUMPUR: Dutch Lady Milk Industries Bhd's (DLMI) net profit for the second quarter ended June 30, 2022 decreased to RM21.53 million against RM27.29 million in the same quarter last year.
Revenue rose to RM340.09 million from RM284.04 million previously, the group said in a filing with Bursa Malaysia today.
Net profit on a six-month cumulative basis for the period ended June 30 2022 stood at RM639.96 million against RM542.67 million a year ago with revenue at RM639.96 million and RM542.67 million, respectively.
It said the higher revenue for Q2 FY2022 was mainly driven by continued strong demand for milk as an essential product, a successful Ramadhan campaign and necessary price increases to offset strong inflationary headwinds.,
,Telegram中文群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
"Despite the continued COVID-19 challenges, the company has been able to operate at full capacity and drive the penetration of milk consumption,” it said.
Operating profit, excluding accelerated depreciation in the quarter, declined by 14.7 per cent from the same quarter last year, where higher revenue was more than offset by escalating prices of global dairy raw materials and negative foreign exchange results due to weakening ringgit.
"In line with the announced investment in our future manufacturing activities, DLMI started the accelerated depreciation of its assets in the Petaling Jaya factory that cannot be transitioned to the new site. Reported operating profit was therefore reduced by this accelerated depreciation,” it said. - Bernama