Dutch Lady declares 50 sen dividend despite lower 3Q net profit

Dutch Lady declares 50 sen dividend despite lower 3Q net profit

The Edge Markets - Malaysia·2019-11-28 18:57

KUALA LUMPUR (Nov 28): Dutch Lady Milk Industries Bhd's net profit fell 26.33% to RM25.2 million for the third quarter ended Sept 30, 2019, from RM34.21 million last year, despite posting higher revenue.

Dutch Lady attributed the lower earnings to "category product mix changes, higher raw material prices, negative exchange rate, investment in advertising and promotional spend, sales and services tax (SST) on local and imported services".

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