Malayan Flour 3Q net profit declines 70%

Quick Summary:

Malayan Flour Mills Bhd’s net profit tumbled by nearly 70% year-on-year (y-o-y) in the third quarter ended Sept 30, 2024 (3Q24), as a RM12.9mil loss from joint ventures offset higher sales from the flour and grain trading business.

Supreme Consolidated IPO oversubscribed by 349.

No dividend was announced for the quarter.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: ProfitDecline RevenueGrowth GrainTrading /Business/Business News MalayanFlourMills JointVentureLoss Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 144 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23705145

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