PETALING JAYA: Kuantan Flour Mills Bhd (KFM) recorded a net loss of RM511,000 for the third quarter ended June 30, 2019 compared with a net profit of RM33,000 in the same period of last year, attributed to higher raw material and production overhead cost.
However, its revenue rose 31.7% to RM15.13 million from RM11.49 million previously, due to continuous improvement in wheat flour sales.
For the nine-month period, KFM’s net loss narrowed to RM1.73 million from RM2.36 million in the same period a year ago, while revenue jumped 55.7% to RM42.19 million from RM27.09 million.
The group expects upon commissioning the new production line during the financial year, its production efficiency will further improve, thereby enhancing its financial performance.
