Finance Minister Lim Guan Eng handed over a cheque for RM5 million to Restu Foundation for the management of the printing and distribution of the Quran by the Nasyrul Quran Complex here. — Picture by FIrdaus Latif
PUTRAJAYA, Feb 28 — The Finance Ministry today handed over a RM5 million allocation to Restu Foundation for the management of the printing and distribution of the Quran by the Nasyrul Quran Complex here.Finance Minister Lim Guan Eng handed over a cheque for the amount to Restu Foundation chairman Datuk Abdul Latiff Mirasa at the complex which is located at Presint 14 here. It was also witnessed by Minister in the Prime Minister’s Department Datuk Seri Dr Mujahid Yusof.Lim, in his speech, said the contribution, which was for use this year, to the institution was a commitment of the Pakatan Harapan government in line with the position of Islam as the official religion of the federation.“It is hoped that the allocation can support the operations of Nasyrul Quran for 2019 in its aim to print 500,000 copies of the Malaysian Mushaf Quran this year,” he said.Mujahid said the allocation would smoothen the operations of the Nasyrul Quran, to simultaneously print and distribute the Malaysian Mushaf Quran which was in high demand in the world.“It indirectly will ensure that the manuscript which was hand-copied with a variety based on local Islamic art will become a national landmark in the effort to distribute the Quran and promote the religion,” he said.Built at a cost of RM60 million, Nasyrul Quran is the second-biggest Quran printing complex in the world. It started printing and binding operations on June 2017. — Bernama [...]
Malayan Flour Mills Bhd (MFM) posted a net loss of RM5.19 million in the third quarter ended Sept 30, 2018 (3Q18) against RM23.51 million net profit a year ago due to high operating losses incurred in its poultry integration among others.
In an exchange filing yesterday, the company reported a RM13.2 million operating loss in poultry integration in the quarter as compared to an operating profit of RM9.1 million in 3Q17.
The operating loss was mainly due to lower production volume and margins arising from depressed live bird prices in 3Q18, higher net fair value loss on biological assets of RM7.8 million in the quarter as compared to RM4.0 million in 3Q17 as well as the lower net realised and unrealised gain on future and option contracts of RM300,000 during the three months as compared to RM5.0 million in 3Q17.
In addition, MFM recorded a loss of equity from a joint venture in Indonesia amounting to RM2.9 million in the quarter, as compared to a share of profit of RM3.4 million in 3Q17 as well as higher net interest expense. Revenue for the three months increased to RM642.75 million from RM630.97 million in 3Q17 due to higher sales recorded in flour and grains trading.
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var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"]The post Malayan Flour posts RM5m net loss in 3Q appeared first on The Malaysian Reserve. [...]