Icon8888 Gossips About Stocks

(Icon) Johore Tin (8) - F&N's Dairy Division Reported Crazy Profit

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Publish date: Wed, 04 Nov 2015, 07:57 AM
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I follow the smell of money.

 

I am overseas now, so I will keep this article short.

 

Yesterday F&N released its September 2015 quarterly report. Its Malaysia dairy division (which manufactures condense milk, same as Johore Tin) reported revenue of RM271 mil, 7% higher than June 2015 quarter's RM253 mil.

 

However, operating profit jumped by a massive 57% from RM19.97 mil to RM31.4 mil in the September quarter. 

 

Operating margin for that division improved from 7.9% to 11.6%.

 

F&N attributed the strong performance to low raw material cost.

 

Can Johore Tin follow suit and deliver same type of performance in coming quarter ? We will soon find out by end of this month. 

 

Stay tuned and sit tight. The rocket is about to take off.

 

 

 

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4 people like this. Showing 5 of 5 comments

murali

So fast go NZ drink tea oreadi? Not even Rm2.50....

2015-11-04 08:37

hwaism

Murali, he already steady and go NZ wait for the price to hit new high.

2015-11-04 10:13

Tom

add johotin-wa in my watchlist

2015-11-04 13:40

alibiii

canone sound more attractive than johortin

2015-11-12 20:48

duitKWSPkita

I realize that when Icon8888 write part 1  it up to RM1......

then write again RM1.50

each part he posted will boost up RM0.500...................so after part 8.... Ithink value price will be RM4.00

2015-11-12 20:49

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