MARKET DEVELOPMENT
QL Resources Q2 Earnings up 14.6% to RM42.25M
QL Resources Q2 Earnings up 14.6% to RM42.25M
23/11/2013 (The Star) - QL Resources Bhd’s earnings rose 14.6% to RM42.25mil in the second quarter ended Sept 30, 2013 from RM36.86mil a year ago due to better margins from its fishmeal operations.
It said on Friday that revenue rose 9.5% to RM605.14mil from RM552.45mil, boosted by its marine product manufacturing and increased palm oil activities. Earnings per share were 5.08 sen compared with 4.43 sen.
QL Resources said Q2, 2013 revenue from marine product manufacturing rose 14% to RM155.89mil while palm oil activities increased 11% to RM77.43mil and integrated livestock farming rose at a smaller pace of 8% to RM371.82mil.
At the pre-tax level, marine product manufacturing rose 13% to RM29.91mil and integrated livestock farming 21% higher at RM23.58mil. However, palm oil activities recorded a 118% fall and pre-tax loss of RM413,000.
For the first half ended Sept 30, 2013, its earnings rose 13% to RM77.21mil from RM68.29mil in the previous corresponding period. Revenue increased 13.1% to RM1.184bil from RM1.046bil.
It said on Friday that revenue rose 9.5% to RM605.14mil from RM552.45mil, boosted by its marine product manufacturing and increased palm oil activities. Earnings per share were 5.08 sen compared with 4.43 sen.
QL Resources said Q2, 2013 revenue from marine product manufacturing rose 14% to RM155.89mil while palm oil activities increased 11% to RM77.43mil and integrated livestock farming rose at a smaller pace of 8% to RM371.82mil.
At the pre-tax level, marine product manufacturing rose 13% to RM29.91mil and integrated livestock farming 21% higher at RM23.58mil. However, palm oil activities recorded a 118% fall and pre-tax loss of RM413,000.
For the first half ended Sept 30, 2013, its earnings rose 13% to RM77.21mil from RM68.29mil in the previous corresponding period. Revenue increased 13.1% to RM1.184bil from RM1.046bil.