Teck Guan’s This autumn earnings rise 17-fold

PETALING JAYA: Teck Guan Perdana Bhd‘s web revenue jumped greater than 17 instances to RM17.23mil within the fourth quarter ended Jan 31, 2022 from RM1.01mil a yr in the past bolstered by the rise within the working margin within the quarter.

In a submitting with Bursa Malaysia, the group stated its working revenue rose from RM2.62mil to RM21.31mil in comparison with the corresponding interval a yr in the past.

“The rise was primarily attributed to the rise within the working margin,” it added.

In the meantime, income rose 331% to RM325.24mil within the quarter in comparison with RM75.41mil within the corresponding interval a yr in the past as a result of improve in each the gross sales quantity and promoting worth.

Regardless of the difficult working surroundings, the group stated it carried out higher in comparison with the monetary yr ended Jan 31, 2021 (FY21) amid each influencing inside and exterior elements exerted on palm-related merchandise.

Shifting ahead, Teck Guan expects palm oil costs to remain agency because the world economic system continues to attempt for sooner restoration.

“Barring unexpected uncertainties within the home and world economies triggered by the extended Covid-19 pandemic, the administration stays optimistic on the long-term prospects of the palm-based trade and can proceed to concentrate on enhancing productiveness excellence collectively with price optimization to attenuate the unfavorable impression on its profitability and liquidity in order to realize sustainable progress,” it famous.


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