Dutch Lady Milk Industries Berhad registers Q3 revenue of RM338 million

Leading dairy manufacturer, Dutch Lady Milk Industries Berhad (DLMI) registered a revenue of RM338 million for its third quarter ended September 30 with a profit before tax of RM31.1 million.

DLMI attributed the encouraging performance to continued robust demand for milk as an essential product and also the modest price hikes necessary to offset strong inflationary headwinds. 

Operating profit meanwhile increased by 9 percent to RM32.1 million but rising costs for global raw dairy materials and negative foreign exchange outcome due to a weakening Ringgit affected the group’s operating profit. 

DLMI Managing Director, Ramjeet Kaur Virik said the outlook for the rest of the year as well as next year remains uncertain due to inflationary concerns and the persistent global supply chain challenges not just for the organisation but also for the manufacturing sector in general. 

She added that DLMI will continue to be prudent and agile in its operations in order to preserve cash and control cost where possible in a complex manufacturing environment.

“DLMI will continue to be focused on our purpose of Nourishing the Nation for many decades to come, with our new advanced production hub in Bandar Enstek scheduled to be operational in 2024,” Ramjeet said. 

“Our new world-class factory will incorporate Industrial Revolution (IR) 4.0 features into its daily operations which will change the way we manufacture our high-quality dairy products for Malaysians and help contribute to greater IR 4.0 adoption in the country. This will also enable us to amplify our role as a partner to the nation in strengthening the food security and national health agenda,” she added. 

DLMI has been part of the Malaysian landscape since 1963 and enjoys multi generational appeal for its various affordable, high quality nutritional products. DLMI is part of Royal FrieslandCampina N.V. 

DLMI’s ‘Grass to Glass’ philosophy drives the company’s sustainable roadmap with four objectives - nourishing Malaysians with better nutrition, driving sustainable initiatives at the farm level, better balance with a smaller carbon footprint and post-consumption efforts.

This content is provided by Neruda Communications.

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