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Revenue for the quarter ended 30 September 2010 was RM42.17 million as compared to RM38.41 million in the corresponding quarter in the preceding year, which was an improvement of 9.80%.
The Group recorded profit before tax of RM6.04 million in the Third Quarter as compared to RM4.19 million in the corresponding quarter in the preceding year, which was an improvement of 44.1%.
Compared to the immediate preceding quarter’s results, the Group’s revenue has decreased from RM42.83 million in the second quarter of 2010 to RM42.17 million in the third quarter of 2010 due to seasonal decrease in revenue of the In-Flight Catering Division. The Group recorded profit before tax of RM6.04 million for the current quarter as compared to profit before tax of RM5.17 million in the immediate preceding quarter.
The Group’s prospects are expected to improve in the Fourth Quarter of 2010 due to the expected increase in revenue of the In-Flight Catering Division. The increase is expected due to seasonal factors, continued enhancement of in-flight items, new routes flown by customers and projected increase in passengers due to the year-end festive season which are cumulatively expected to result in an increase in the number of meals produced in the Fourth Quarter of 2010.
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This announcement is dated 30 November 2010.
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