Muda data a 3Q web revenue of RM1.59mil on narrowing margins

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KUALA LUMPUR: Muda Holdings Bhd recorded a web revenue of RM1.59mil within the third quarter ended Sept 30, 2021, which was a pointy drop from RM24.98mil posted within the earlier corresponding quarter resulting from declining margin from greater manufacturing price and decrease output.

In a bourse submitting, the group stated gross margin declined to 16.1% within the present quarter from 20.6% within the earlier corresponding quarter amid a deficit on the revaluation of properties, greater working bills and discount of wage subsidies.

Earnings per share slid to 0.52 sen in comparison with 8.19 sen within the year-ago quarter.

The group reported income for the quarter got here to RM366.21mil, a 3.5% enchancment over the identical quarter final yr.

Shifting ahead, the group stated market sentiment and promoting costs of its merchandise are prone to publish some challenges within the closing quarter of 2021.

It added there will even be heightened competitors from native and abroad paper mills and working prices.

Regardless of this, the board expects a worthwhile yr for 2021.

“The group will be capable of meet up with manufacturing within the fourth quarter in step with greater vaccination charges amongst its staff and larger employee availability as extra staff return from obligatory quarantine go away.

“Going ahead, the prudent administration of rising working and manufacturing price would be the major focus of the Board to maintain the group’s efficiency,” it stated.



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