<div class=newsTextDataWrapInner><p>&nbsp;KUALA LUMPUR (Nov 5): Malayan Flour Mills Bhd’s (MFM) net profit rose 6% to RM26.4 million in the third quarter ended Sept 30, 2014, from RM24.9 million in the previous corresponding quarter.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;But revenue fell 6% to RM569.3 million from RM606.7 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;Despite the higher net profit, MFM said it recorded lower profit margin in its flour and trading in grains segment, in a filing with Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>&nbsp;Lower revenue was mainly attributable to lower sales recorded in poultry integration segment.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;For the nine-month period, net profit jumped 44% to RM63.1 million from RM43.9 million a year ago, while revenue grew 2.3% to RM1.71 billion from RM1.67 billion in the same period last year.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;The higher net profit was mainly due to improved margin in the poultry integration segment, said MFM.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;The larger revenue was mainly due to higher sales volume from the flour and trading in grains segment in the third quarter.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;On prospects ahead, MFM expects the group’s performance this year to be ‘favourable’, despite the competitive market environment and volatile commodity prices and foreign exchange rates.</p></div>


KUALA LUMPUR (Nov 5): Malayan Flour Mills Bhd’s (MFM) net profit rose 6% to RM26.4 million in the third quarter ended Sept 30, 2014, from RM24.9 million in the previous corresponding quarter.

 But revenue fell 6% to RM569.3 million from RM606.7 million a year ago.

&...

Malayan Flour Mills 3Q profit rises 6% to RM26.4 mil

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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


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<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...