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Nikkei Markets

Malaysia's Apollo Food Holdings 4Q Net Profit Jumps Nearly 58%

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Jun 23) -- Malaysia's Apollo Food Holdings, a chocolate confectionery products maker, said Friday its fiscal fourth quarter net profit grew 57.8% on year partly due to higher revenue.

Net profit for the three months ended Apr. 30 stood at 2.70 million ringgit ($630,000) from 1.71 million ringgit a year ago, the company said in an exchange filing. Quarterly revenue grew 12.10% to 59.59 million ringgit versus 53.14 million ringgit in the previous year.

The company expects operating environment to be tougher in the coming financial year due to an increase in cost of raw materials and volatility in ringgit.
- By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited by Abhijit Basu
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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