Dutch Lady Milk Industries Bhd managing director Ramjeet Kaur Virik
KUALA LUMPUR: Dutch Lady Milk Industries Bhd
(DLMI) will continue to strictly manage its cash flow to steer the company in a tough market and manage internal financing for the new facility construction in Bandar Enstek, according to managing director Ramjeet Kaur Virik.
DLMI is investing RM540mil in the new world-class manufacturing plant under construction in Bandar Enstek. The manufacturing plant will be fully operational within the course of 2024.
“We will stay focused on our mission and at the same time, maintain healthy gross margins to enable DLMI to continue investing in our assets; our brands and people,” Ramjeet said in a statement.
She added that this will drive long-term engagement to make the company an employer of choice as well as increase milk penetration.
“DLMI remains cautiously optimistic for the long-term due to robust brand strength and the growing stakeholder awareness about the critical need for dairy nutrition amongst Malaysians particularly children,” the dairy company said.
In the second quarter ended June 30, DLMI posted a higher net profit of RM24.21mil from RM21.5mil a year ago.
Its revenue rose 3.3% to RM351.2mil against RM340.1mil last year while earnings per share rose to 37.90 sen from 33.60 sen previously.
For the first half, DLMI posted a net profit of RM32.8mil on revenue of RM705.5mil.
