Dutch Lady Milk Industries Bhd's year-to-date (YTD, up to September 2024) profit after tax1 grew by 32.99% year-on-year (YoY) to RM65.9 million2 from RM49.6 million3 recorded within the corresponding period in the previous year, according to a Bursa filing by the company.
The dairy supplier's quarterly profit after tax in the third quarter, however, increased slightly by 2.54% YoY to RM17.2 million4.
An earlier Business Today report noted that the company also successfully completed the transition from its Petaling Jaya plant to the new facility located in Bandar Enstek in the third quarter. As part of the transition, the long-standing dairy products distributor has discontinued the production of some of the non-core range products.
In terms of revenue, the third quarter revenue fell slightly by 4.65% to nearly RM355.5 million5, while the YTD revenue stood at over RM1.08 billion6, marking a marginal increase of 0.07% YoY.
As at Sept 30, Dutch Lady's total assets stood at RM1.02 billion7, 60% of which could be attributed to total non-current assets. The group's total liabilities as at Sept 30 amounted to RM532.4 million8.
In a separate filing, Dutch Lady announced the second single-tier interim dividend of RM0.25 per ordinary share for the financial year ending December 31, 2024 with Dec 3 set as the ex-dividend date and Dec 4 as the entitlement date.
The dividend payout date falls on Dec 13.
As at 10:07am Nov 20, Dutch Lady's shares traded at RM30.00, down six sen from the previous closing price of RM30.06.
Profit after tax: Termed as "profit attributable to ordinary equity holders of the parent" in financial reports ︎
RM65,916,000 ︎
RM49,566,000 ︎
RM17,221,000 ︎
RM355,452,000 ︎
RM1,079,097,000 ︎
RM1,019,608,000 ︎
RM532,447,000 ︎
