Bursa Malaysia Main Market-listed Amway (Malaysia) Holdings Berhad announced its Q3FY18 revenue at RM260.2 million, representing 6.8 per cent growth vs. Q3FY17; and profit before tax at RM21.5 million, an increase of 10.5 per cent vs. Q3FY17.
This reflects the impacts from the Malaysian Financial Reporting Standard 15 (MFRS15), Revenue from Contracts with Customers, adopted with effect from 1 January, the Group adopted MFRS15 using the modified retrospective method where comparative figures were not restated.
KLCCP Stapled Group recorded a stronger performance in the third quarter ended 30 September 2018, registering its best performance for the year thus far. Despite the challenges in the market, YTD Revenue rose 2.5% underpinned by the higher contribution from the retail and hotel segments whilst Profit Before Tax (PBT) increased 1.2%.
In the quarter ended 30 September 2018, KLCCP Stapled Group recorded positive revenue growth of 2.6% year-on-year (y-o-y) compared to the corresponding quarter in the preceding year with a marginal PBT increase to RM234.5 million, partially offset by higher operating expenses.
Fraser & Neave Holdings Bhd aims to solidify its commitment to sustainable growth and profitability through continued emphasis on driving innovation and capability building.
As Malaysia’s leading food and beverage manufacturer and distributor, F&NHB is ramping up its product offerings to quench growing consumer demand for healthier products and convenience, in tandem with the shifting trend in today’s lifestyles.