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- RM8mil cost was because of start up cost for transportation, promotion and marketing of Nippon Premium Nutriplus products that are ready for export to Japan and Saudi.
The revenue for these cost will only began in November.
- RM2mil was due to prudent ‘provision’ for impairment of trade receivables. This receivables was due more than 60 days, but always will pay. They put a provision for prudence purpose.
just be careful of this company. there is a of change of shares interest, law suit, change of auditors, change of person etc. all their previous old announcements has been deleted. do check announcement section in this kkse screener
suspecting the boss is playing trading to make fast profit from investors. a lot of announcement are news to create a hype so they can sell at high price
increase of sales into hypermarket is not really profitable since the big retailers will press for high discount and hold long payment increasing the receivables