Bursa Malaysia Stock Watch
Evergreen Q1 pre-tax profit shrinks
kltrader
Publish date: Mon, 23 May 2011, 09:54 PM
kltrader
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Evergreen Fibreboard Bhd's pre-tax profit decreased to RM4.3 million for the first quarter ended March 31, 2011, compared
to RM36.96 million in the same period last year.
Its pre-tax profit decreased due to the impact of the weakening US dollar and a drastic hike in log cost.
Revenue for the quarter also decreased by 2.2 per cent to RM233.56 million from the RM238.69 million previously.
'The decline in revenue was due to a lower sales volume which was the result of lower production,' it said in a filling to Bursa Malaysia today.
The company said it is confident of achieving a better result in the next quarter based on the current increase in MDF and Particle Board demand. -- Bernama
to RM36.96 million in the same period last year.
Its pre-tax profit decreased due to the impact of the weakening US dollar and a drastic hike in log cost.
Revenue for the quarter also decreased by 2.2 per cent to RM233.56 million from the RM238.69 million previously.
'The decline in revenue was due to a lower sales volume which was the result of lower production,' it said in a filling to Bursa Malaysia today.
The company said it is confident of achieving a better result in the next quarter based on the current increase in MDF and Particle Board demand. -- Bernama
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