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Khon Kaen Sugar Industry

2014-06-20 09:19:56| Sugar Industry News

KSL posted a 2Q14 (Feb-April 2014) net profit of Bt627m, up by 47% QoQ and 7% YoY. Stripping out a Bt10m profit from investments in derivative instruments for the quarter, core profit would be Bt617m, up by 44% QoQ and 62% YoY. The results were in line with our estimates and the street. The effect of lower-than-expected sugar sales volume was offset by a lower cost-of-sales and lower SG&A expenses than modeled.

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