[EVERGREEN FIBREBOARD BHD，原木价格仍然处于高位]
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Profit before tax for the current quarter decreased by RM2.17m to RM7.75m compared to RM9.92m recorded in the corresponding quarter of the preceding year. This was caused by hike in log cost as the result of shortage during rainy and festive season.
Revenue for the quarter decreased by 29.8% or RM33.31m to RM78.32m from RM111.63m recorded in the preceding year corresponding quarter. This was due to lower average sellling price as a result of weakening of USD, couple with lower sales volume resulted from stoppage of one production line in plant. Profit before tax decreased to RM3.87m compared to RM5.78m recorded in the corresponding quarter of the preceding year. This was caused by lower sales revenue and lower foreign exchange gain being recorded in the current quarter.
Profit before tax was RM1.96m for the current quarter, increased by RM0.74m compared to RM1.22m recorded in the corresponding quarter of the preceding year.
Profit before tax for the current quarter decreased by RM3.35m to RM13.57m compared to a profit before tax of RM16.92m recorded in the corresponding quarter of the preceding year. This was caused by lower average selling price, couple with higher of foreign exchange loss.
This quarter profit before tax was decreased by 27.5% to RM13.57m, as compared to RM18.71m recorded in the preceding quarter. This was due to higher foreign exchange losses.
They continue to face competition from new plants in the region. There are uncertainties arising from the concluded general election which could have impacts on the local currency, consumer spending and infrastructure projects. Log prices remain elevated as log supply has yet to return to past norm levels. The fasting month and subsequent festivities might reduce log harvesting activities. The Group foresees a challenging 2018.
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