DUTCH LADY Q3 NET PROFIT DOWN 18.6%

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Dutch Lady Milk In­dus­tries Bhd’s net profit in the third quar­ter ended Sep 30, 2016 (Q3FY16) was down 18.6% to RM40.6 mil­lion, from RM49.9 mil­lion in the same pe­riod last year, due to higher cost of sales, ad­ver­tis­ing and pro­mo­tion in­vest­ment. Rev­enue in­creased 9.4% to RM279.59 mil­lion, com­pared with RM255.58 mil­lion in the pre­vi­ous cor­re­spond­ing quar­ter, driven by the launch of a newly im­proved for­mula. For the nine-month pe­riod, its net profit de­creased 3.89% to RM111.25 mil­lion, from RM115.7 mil­lion a year ago, while rev­enue grew 6.2% to RM776.06 mil­lion, against RM730.76 mil­lion pre­vi­ously.

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