2010-06-16: Article entitled "COCOALAND TARGETS RM10M FROM BEVERAGE PRODUCTS"
General Announcement
Reference No CC-100616-50882
Company Name
:
COCOALAND HOLDINGS BERHAD
Stock Name
:
COCOLND
Date Announced
:
16/06/2010
Type
:
Announcement
Subject
:
Article entitled "COCOALAND TARGETS RM10M FROM BEVERAGE PRODUCTS”
Contents
:
We refer to the Article appearing in The Malaysian Reserve, page 1 on Wednesday, 16 June 2010 entitled “Cocoaland targets RM10m from beverage products”, in particular, the following statement:
“Cocoaland Holdings Bhd, a sweets and chocolate maker, is breaking into the fruit beverage business which it estimates will increase its net profit to RM30 million for financial year (FY) 2011, up from RM19.69 million in FY09.”
The Board of Directors of Cocoaland Holdings Berhad (“Company”) wishes to clarify that the aforesaid estimated net profit for FY 2011 is derived based on the Group’s sales recorded to date and internal growth targets and has not been reviewed by the Company’s external auditors.
