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皇冠官网:MSM posts net loss of RM34mil in 2Q on higher input costs

皇冠官网:MSM posts net loss of RM34mil in 2Q on higher input costs

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MSM group chief executive officer Syed Feizal Syed Mohammad

KUALA LUMPUR: MSM Malaysia Holdings Bhd posted a net loss of RM34.1mil in the second quarter ended June 30 (2Q) compared with a net profit of RM13.5mil a year prior due to high input costs mainly raw sugar, freight, natural gas and weakening of ringgit.

“The widening net loss is mainly due to the prevailing very high production input costs driven by international raw sugar price increasing more than 50%, freight dry bulkers increase by 27%, weaker ringgit and higher refining cost of 29% which derived mainly from higher gas cost of 71% due to oil price increase,” MSM said.

The refined sugar producer saw its revenue jump 12.7% to RM624.2mil during the quarter against RM554.1mil posted last year, mainly due to an increase in the overall average selling price (ASP) for the group.

Its loss per share for the period stood at 4.85 sen against an earnings per share of 1.92 sen last year.

“The group recognises the current challenging environment amidst high input costs mainly raw sugar, freight, natural gas and weakening of ringgit. Other input costs such as packaging materials, wages and inland logistics have also increased significantly.

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“The group continues to engage the Government as a joint industry of sugar refiners request on our appeal for a much needed economic support,” MSM group chief executive officer Syed Feizal Syed Mohammad said in a statement.

Sugar is one of the controlled items under the Control of Supplies Act 1961. The coarse grain refined white sugar price has had a net increase of only 1 sen per kilogram and no subsidies since 2013.

Currently, the retail price for coarse grain white sugar is RM2.85 per kilogram.

MSM noted that in comparative retail parity, Indonesia's retail is approximately RM4.40 per kilogram and Thailand's at RM3.50 per kilogram even have the advantage of integrated sugar cane plantation with electric power generation income.

“The domestic and export markets are seeing stronger demands which provide growth opportunities and recovery of product consumption including sugar across consumer and industrial segments.

“MSM will ensure a consistent supply of sugar is made available to the market despite these cost challenges,” Syed Feizal said.


转载说明:本文转载自Sunbet。
  • 女r3n当自强 @回复Ta

    2022-12-08 00:16:13 

    彭博报道指出,中国或要向美加、南非甚至哥伦比亚入口煤供自己所需。《悉尼先驱晨报》的报道更称,中国正与同样抢购煤的印度及欧洲市场竞争,并引述Banchero Costa & Co研究主管Ralph Leszczynski称,中国短期内或放宽入口(澳洲煤)限制,以纾解煤价高企压力。不外《Llyod's List》引述Ocean Analytics开办人Ulf Bergman称,纵然中国有澳洲以外的其他选择,但受到疫情影响长距离运输下,澳洲煤为中国市场提供另一选择。已中毒,还能更深

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