Ace Market-bound Farm Price has released its first interim financial report for the first quarter ended on March 31, 2024. The report states that the group has recorded a revenue of RM30.71 million, which was mainly derived from the wholesale distribution and retailing segment.
The wholesale distribution segment contributed RM27.99 million or 91.14% of the total revenue, while the retailing segment contributed RM2.72 million or 8.86% of the total revenue.
The company registered a PBT and PBT margin of RM3.35 million and 10.90% respectively in the current financial quarter. It also registered a PAT and PAT margin of RM2.66 million and 8.65% respectively in the current financial quarter.
For the first quarter ended 31 March 2024, if the expenses incurred for the Listing of RM0.48 million were excluded, the Group said it would have recorded an adjusted PBT of RM3.82 million and an adjusted PBT margin of 12.44%. Correspondingly, the Group also recorded an adjusted PAT of RM3.02 million and an adjusted PAT margin of 9.82%.
There company has no comparative figures for the preceding corresponding quarter as this is the first interim financial report for the first quarter ended 31 March 2024 being announced in compliance with the Listing Requirements of Bursa Securities.
