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Articles by Stronger USD
MFM Plans RM100 Million Expansion Of Its Flour Mills
Malayan Flour Mills Berhad has outlined at its 66 th Annual General Meeting the capital expenditure (CAPEX) plans for its flour milling business, amounting up to RM100 million over two financial years, including the current financial year ending 31 December 2026 (FY2026). The planned investments it added is aimed at strengthening production capacity, operational efficiency, and long-term growth across the Group’s flour milling operations in Malaysia and Vietnam.
Malayan Flour Mills Becomes First In Malaysia To Receive HPAI-Free Poultry Farm Certification
Malayan Flour Mills Bhd (MFM) has made history as the first poultry producer in Malaysia to receive the Highly Pathogenic Avian Influenza (HPAI)-Free Compartment certification from the Department of Veterinary Services (DVS) Malaysia. The certification—aligned with standards set by the World Organization for Animal Health (WOAH)—recognises the biosecurity, disease prevention, and surveillance protocols maintained at MFM’s broiler farms in Segari and breeder farms in Batu Undan, Lumut.
Gold Price Clings To Gains Near Three-week Top, Seems Unaffected By Stronger USD
Gold price (XAU/USD) trades with a positive bias for the second straight day and sticks to its intraday gains near the $2,675 area, or a three-week peak through the first half of the European session on Wednesday. Against the backdrop of persistent geopolitical risks, the disappointment over the lack of details about China's fiscal stimulus temper investors' appetite for riskier assets.
MFM Makes Significant Turnaround In Q2
Malayan Flour Mills Berhad deliver profits in the second quarter posting a group net profit of RM18.8 million, a significant turnaround from a net loss of RM2.0 million in the same quarter previous year. The group said the better net profit was mainly driven by improved profit margins in the Group’s Flour and Grain Trading (FGT) segment, principally in Malaysia and Vietnam.
MFM’s Q1 Profit Surges Overcoming Poultry Unit’s Sufferings From Boycott
Malayan Flour Mills Berhad reported a surge in net profit amounting to RM37.9 million for the first quarter ended 31 March 2024 versus RM10.4 million of the same quarter last year, despite a lower topline for the Group. The positive financial performance was largely attributed to the continued improvement in the Flour and Grain Trading Segment operations, which saw better profit margins from lower raw material costs during the quarter, as prices of wheats and grains eased off.
MNI EUROPEAN OPEN: China Equities Rebound On More Support Measures
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Dialog Group’s Subpar Performance Due To Higher Project, Operational Costs: MIBB - BusinessToday
Dialog Group’s quarter three financial year 2023 core net profit of RM132 million took nine months financial year 2023 core earnings to RM391 million; 63% of Maybank Investment Bank Bhd (MIBB)’s financial year estimates. MIBB in a recent report deems this to be below estimate, for the expectation was for a sequential double-digit earnings growth. In their view, the sub-par quarter-on-quarter performance was still largely due to the higher project and operational costs in Malaysia.
Malayan Flour Mills Q12023 Net Profit Affected By Rising Input Costs, Stronger USD - BusinessToday
Staple foods producer Malayan Flour Mills Berhad (MFM) continued to see challenges in the flour and grains trading (FGT) segment impacting the Group’s financial performance during the quarter ended 31 March 2023 (quarter one 2023), even as the poultry integration (PI) segment turned in promising growth numbers during the quarter.
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