DLADY ... Sept09

DUTCH LADY MILK INDUSTRIES recorded an 81% rise in Net Profit to RM15.3m for 2QE Jun 2009 from RM8.5m a year earlier despite a 6% drop in Revenue, mainly due to lower dairy raw material prices.

Revenue fell to RM176.6m from RM187.7m mainly due to lower selling prices, while EPS rose to 24.05 sen from 13.31 sen.

Net Assets per share rose to RM2.90 as at Jun 30, 2009 from RM2.52 a year earlier.

NO DIVIDEND DECLARED
As with 1QE Mar 2009, no dividend was declared.

2QE Jun 2009 Revenue was higher compared with RM168.6m in 1QE Mar 2009 as a result of consumer promotions, while PBT of RM19.9m was higher than 1QE Mar 2009's PBT of RM12.7m due to higher sales and lower input costs.

1HE JUN 2009 NET PROFIT HIGHER BY 63%
For 1HE Jun 2009, Net Profit rose 63% to RM24.1m from a year earlier, while Revenue rose 29% to RM345.2m from RM267.8m. EPS rose to 37.72 sen from 23.15 sen.

" .... The Company expects that the year 2009 will remain challenging due to cautious consumer spending ...." it said in its notes accompanying the latest quarterly results.