Batu Kawan Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
For nine months, revenue was MYR 14,643,989,000 against MYR 16,246,730,000 a year ago. Profit before taxation was MYR 1,078,109,000 against MYR 1,199,534,000 a year ago. Profit attributable to equity holders of the company was MYR 394,239,000 against MYR 441,637,000 a year ago. Earnings per basic share for profit attributable to equity holders of the company were 98.2 sen against 109.2 sen a year ago. Net cash flows generated from operating activities was MYR 773,981,000 against MYR 891,799,000 a year ago. Purchase of property, plant and equipment was MYR 273,278,000 against MYR 422,989,000 a year ago. Payments of prepaid lease were MYR 561,000 against MYR 1,763,000 a year ago. Plantation development expenditure was MYR 67,590,000 against MYR 103,304,000 a year ago. Property development expenditure was MYR 5,495,000 against MYR 14,244,000 a year ago.
For the year 2018, the group expects a lower profit for the current financial year.