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us apple developer accounts for sale:Kawan Food Q4 net profit jumps 20.8%

admin2021-02-2610

Kawan Food PETALING JAYA: Kawan Food Bhd recorded a 20.8% year-on-year jump in its net profit for its fourth quarter of the financial year 2020. The company said in the notes to its financial statement that net profit rose RM1.1mil from RM5.1mil in the fourth quarter of 2019 to RM6.2mil in the fourth quarter of 2020. It said that the increase was mainly due to an increase in production efficiency and higher sales revenue. “For the fourth quarter of 2020, we achieved revenue of RM60.6mil, which is an increase of 7.4% as compared to the previous corresponding quarter of RM56.4mil. “The increase in revenue was mainly due to rising demand in the Malaysian market, ” it said.Kawan Food products. On its outlook moving forward the company said that there has been further improvements in production efficiency at its Pulau Indah plant. “With the ongoing cost optimisation and automation solution initiatives, we have achieved higher yields. “The installation of the solar panel system is progressing as planned, ” it said. “The use of solar energy will decrease the cost of power consumption. “It will also contribute to a more sustainable energy usage, ” it added. Meanwhile, the company said that the reintroduction of the MCO in Malaysia and similar lockdown measures globally due to the Covid-19 pandemic may continue to impact its normal operations. “Notwithstanding the other external circumstances especially on the fluctuating raw material prices and logistic challenges, the company will strive to maintain a healthy financial position, ” it said. Kawan Food is one of Malaysia’s leading exporter and largest manufacturer of frozen Asian food delicacies worldwide. It provides consumers with authentic, safe and highest quality products at affordable prices with an unwavering commitment to the values of excellence, innovation and reliability.
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