Tamadam Bonded Warehouse Berhad recorded group revenue of RM81.43 million for the half year ended 30 June 2010, an improvement of 12.3% mainly due to increase in revenue from the In-flight Catering Division.
The Tamadam Group’s profit before tax for the first half of 2010 was RM9.13 million which was an increase of 90.2%. The improvement was due to the increase in revenue mentioned above and also because the results for the similar period the previous year were affected by provisions for doubtful debts which were significantly reduced in the current period’s results.
Going forward, the revenue of the In-flight Catering Division is expected to increase further in the third quarter of 2010 compared to that achieved in the second quarter of 2010. This is due to continued enhancement of in-flight items, new routes and the coming festive season which are expected to result in an increase in number of meals produced.
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This announcement is dated 30 July 2010.