The Star Malaysia - StarBiz

Dutch Lady expects capital investment to rise


PETALING JAYA: Dutch Lady Milk Industries Bhd expects the estimated total capital investment for the constructi­on of its new manufactur­ing facilities in Bandar Baru Enstek to increase to Rm540mil from Rm340mil between 2021 and 2025.

“The increase is mainly due to the inclusion of additional capital expenditur­e items as well as unpreceden­ted inflation which has significan­tly increased the cost of materials, fuel and labour,” Dutch Lady said in a filing with Bursa Malaysia.

For its third quarter ended Sept 30, 2022, net profit rose to Rm24.40mil from Rm20.38mil a year earlier, while revenue grew to Rm337.77mil from Rm290.66mil a year earlier.

Basic earnings per share stood at 38.10 sen versus 31.80 sen earlier.

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