Whistleblowing
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Whistleblowing
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Sept 2018
United Malacca’s posted a weaker-than-expected 1QFY19 results. After stripping out all the exceptional items, 1QFY19 core net profit fell into the red with a net loss of RM12.3mn compared to a profit of RM1.0mn in 1QFY18. The poor results were mainly due to higher depreciation and amortisation charges (owing to the adoption of new MFRS 116) and lower FFB yield.
Jun 2018
United Malacca’s FY18 results came in within ours but below consensus expectations. After stripping out all the exceptional items, FY18 core net profit nearly halved to RM38.2mn (-49.6% YoY), which accounted for 105% and 82% of our and consensus’ full-year estimates. The poor results were mainly due to lower palm oil price, lower FFB yield and high unit cost of production in the newly-matured area.
Mar 2018
United Malacca posted another disappointing set of results, which came in below expectations. After stripping out all the exceptional items, 3QFY18 core net profit dropped by 57.8% YoY to RM8.8mn. The lower-than-expected results were mainly due to higher production cost, which resulted in lower margin.
Dec 2017
United Malacca Berhad (UMCCA)’s 1H18 Core Net Profit* (CNP) of RM21.4m came in below both consensus and our forecast at 27% and 29%, respectively, on higher-than-expected unit cost from newly matured area.
Dec 2017
United Malacca posted a disappointing 2QFY18 results, which came in below expectations. After stripping out all the exceptional items, 2QFY18 core net profit dropped 28.9% YoY to RM14.7mn. The lower-than-expected results were mainly due to higher production cost and operating expenses, which resulted in lower margin.
Sept 2017
United Malacca’s 1QFY18 financial results came in below expectations. After stripping out all the exceptional items, 1QFY18 core net profit dropped 28.3% YoY to RM5.6mn, accounting for 8% of ours and
consensus’ full-year estimates. The lower-than-expected results were mainly due to higher production cost and depreciation charges.
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