Kwantas Corporation Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported revenue of MYR 180,596,000 compared to MYR 377,409,000 for the same period of last year. Loss before tax from continuing operations was MYR 19,083,000 compared to profit of MYR 24,387,000 for the same period of last year. Loss attributable to owners of the company was MYR 18,198,000 or 5.84 sen per basic share compared to profit of MYR 20,786,000 or 6.67 sen per basic share for the same period of last year. The decrease in Group’s Profit before tax during the quarter was mainly due to the following factors: The Group had generated lower revenue mainly due to CPO, CPKO and refined palm oil products combined volume traded in the current quarter has decreased to 59,273 MT in current quarter, as compared to 85,046 MT in the immediate preceding quarter. The decrease was mainly due to competition from new market entrant; and The Group reported a higher administrative expense due to the Loss on disposal of MYR 24.3 million incurred, inclusive of real property gain tax and other incidental costs. For the nine months, the company reported revenue of MYR 642,222,000 compared to MYR 1,220,757,000 for the same period of last year. Profit before tax from continuing operations was MYR 29,420,000 compared to MYR 54,011,000 for the same period of last year. Profit attributable to owners of the company was MYR 28,080,000 or 9.01 sen per basic share compared to MYR 44,428,000 or 14.25 sen per basic and diluted share for the same period of last year. Net cash flow from operating activities was MYR 18,887,000 compared to MYR 108,834,000 for the same period of last year. Purchase of property, plant and equipment was MYR 3,630,000 compared to MYR 2,640,000 for the same period of last year. Plantation development expenditure was MYR 813,000 compared to MYR 9,401,000 for the same period of last year.