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confectionery firm khee san achieves q4 turnover growth
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review of performance turnover of the group increased to rm19.917 million for the current quarter which represents 13.08% increase over that of rm17.614 million achieved in the preceding year corresponding quarter. the current quarter result reported a profit before income tax of rm489,000 as compared to the result of the same period last year of profit before income tax of rm911,000. the group achieved a higher turnover of rm19.917 million in the fourth quarter ended 30 june 2010 representing a 15.93% increase over that of the preceding quarter. profit before income tax reduced by 10.44% in the quarter under review as compared to the preceding quarter. prospects for the current financial year the year ended 30 june 2010 was another challenging year. the management shall continue its endeavour to ensure that the marketing strategies adopted will put the group in a better stead for 2011. about khee san berhad khee san berhad is an investment holding company of a group of subsidiaries whose principal activities involve dealing in and manufacturing of sweets and confectionery products, ie, khee san food industries sdn bhd and khee san marketing sdn bhd.
Source :flex-news-food.com
Date :
30
August
2010
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\"the market is definitely pricing in that there\'s going to be a big crop,\" a european trader said. after commodities firm armajaro scooped up nearly all available tenderable cocoa at the july futures contract\'s expiry, industry players were concerned that the stockpiling could be a precursor to an even more daring speculative play on september. the july and september futures contracts are regularly vulnerable to a shortage of fresh cocoa supplies prior to the harvest in the largest producing region, west africa, in september/october.
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the agency has updated its list of product ranges that do not contain the six food colours associated with possible hyperactivity in young children. another three manufacturers producing product lines free of the colours have been added to the list: mrc, pertwood organic cereals co.
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italian researchers have optimised the extraction of the mushroom flavour compound 1-octen-3-ol from a flower, highlighting the potential of a natural alternative. the new study, published in food chemistry, suggests 1-octen-3-ol - a compound with a ‘musty’ mushroom aroma - can be efficiently extracted from the flowering plant melittis melissophyllum subsp. melissophyllum.
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the correct mix of rain and sunshine is vital to the development of the cocoa crop. cocoa trees need very wet weather, but they suffer when it is too overcast, because it deprives them of the sunlight they need for photosynthesis. good rains have boosted cocoa arrivals to figures to beyond last season\'s levels. they are also expected to facilitate an early harvest next season, which officially starts in october but which farmers expect to start by mid-september.
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\"the outlook for (cocoa) crops is rather good and from next year we should not have more grindings than crops, which should have a stabilising effect on speculative investments,\" tanner said in an interview. \"next year, there will be around 80,000 to 100,000 tonnes surplus,\" he added..
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this compares with a net loss of $2,916,000, or $0.18 in diluted loss per share, for the fourth quarter of fiscal 2009. total sales in the fourth quarter of fiscal 2010 were $54,359,000, a 4 percent increase above sales of $52,233,000 for the same period one year ago. the sales improvement was principally due to higher sales of high quality food grade alcohol that resulted from increased output from the company\'s previously announced joint venture, illinois corn processing (icp), llc.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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