【LONBISC 7126 交流专区】伦敦食品

icy97

股海探温：伦敦食品税率高压赚幅

财经周刊 投资观点 股海探温  2015-03-23 12:53

1.请问伦敦食品（LONBISC，7126，主板消费产品股）的业绩如何？
2.如何看待公司的盈利前景，有何风险？
3.公司的股票是否值得买入？

Kenanga答：
截至去年12月杪，虽然伦敦食品（LONBISC，7126，主板消费产品股）次季营业额增长2.7%，但实际税率比首季高出7.3%，企于17.2%，拖累核心净利大幅下滑31.1%。
合计2015财年上半年，同期净利按年挫7.5%，归咎于广告宣传与利息开销走高。

同时，核心净利也低于预期，仅报860万令吉。

因为在过去3个财年，公司的上半年业绩都表现强劲，取得的净利占了全年盈利的62%至77%。

产能提高获新订单

上半年营业额则按年提高7.3%，至1亿7760万令吉，归功于产能提高，因此取得了更多的新订单。

同时，在公司的产品出口业务中，近半的交易是以美元计价。所以，在美元走强的环境中，可录得更多兑换外汇收入。

但值得注意的是，伦敦食品近年的实际税率，已逐渐迈向25%的水平，对盈利能力造成负面影响。

过去2个财年的实际税率，从2011财年与2012财年的3.2%至6.8%，走高至20%。

0.57倍负债比同行高

伦敦食品上半年的实际税率为13.2%，我们相信是再投资与资本津贴的开支增加，促使税率走高。

因此，加上广告宣传对利润赚幅的影响，对盈利表现的打击日益显著。

另外，虽然完成产能扩充计划后，公司录得较充裕的流动现金。

建议短线卖出

但净负债率仍企于0.57倍，高于饮食领域的同行，因此拖累了周息率仅达1.2%，逊于同行平均的3.4%。

同时，相信消费税的实施，会打击公司的高端市场产品，再加上税率、广告和贷款利息的开销走高，预计2015财年的核心净利将下滑14.3%，报1440万令吉。

基于以上因素，我们将伦敦食品的评级下调至“短线卖出”，目标价定于0.83令吉。



【南洋网财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	102,355	96,228	279,987	261,785
2	Profit/(loss) before tax	5,137	3,367	16,835	15,942
3	Profit/(loss) for the period	3,559	2,279	13,717	13,079
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,898	1,880	11,469	11,141
5	Basic earnings/(loss) per share (Subunit)	1.61	1.28	6.38	7.59
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0300		2.1100

icy97

伦敦食品 新产品赚幅上看30%

财经 股市 行家论股  2015-07-07 11:37

目标价：1.04令吉

最新进展
伦敦食品（LONBISC，7126，主板消费产品股）除了“伦敦”品牌的即时蛋糕产品外，还生产糖果、零食、感化饼干等备受市场喜爱的产品，展望良好获大众投行研究开始追踪。

行家建议
伦敦食品2014财年的净负债率为0.61倍，虽较竞争对手相对较高，但近年来已有逐渐下滑的趋势，在2013财年时为0.67倍。

这显示管理层成功将债务拉低至舒适水平，且在2015财年首9个月业绩中，净负债率进一步减低至0.49倍，相信公司会更积极降低负债，也能进而省下利息成本，带动盈利表现。

目前，公司正在发展薯片生产线，将会以“伦敦”和“Hiro”的品牌面市。

若是成功迎合市场口味，薯片未来将可是重要财源之一，因为这类产品的赚幅高达25至30%，比其他产品还要优越，放眼在未来5年可贡献约30%的营业额。

旗下许多产品都获大众热捧，为该公司打造稳健的奠基，且近期也提升产能，相信未来展望一片明亮。

给予“超越大市”评级，1.04令吉的目标价格，是根据10倍本益比计算。



分析：大众投行研究

【南洋网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	London Biscuits Berhad - Article published in Focus Malaysia titled "London Biscuits, Khee San mull M&A move"
Reference is made to an article published in Focus Malaysia for the issue from 25th July 2015 to 31st July 2015 stating that London Biscuits Berhad (“LBB” or “the Company”) is considering a merger and acquisition (M&A) with its subsidiary, Khee San Berhad (“KSB”), and the Company is working out the terms of the M&A. The Board of Directors of LBB wishes to clarify that the Company has never made any consideration for an M&A in respect of KSB as KSB is currently a subsidiary of LBB and that it had not communicated any such information to Focus Malaysia. This announcement is dated 27th July 2015.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	122,553	98,210	402,540	359,995
2	Profit/(loss) before tax	5,742	5,572	22,577	21,514
3	Profit/(loss) for the period	3,797	4,233	17,514	17,312
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,840	3,208	14,309	14,349
5	Basic earnings/(loss) per share (Subunit)	1.58	2.17	7.96	9.71
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0300		2.1100

icy97

訂單穩定‧負債降低‧倫敦食品前景可期

2015-09-02 11:05      
（吉隆坡1日訊）倫敦食品（LONBISC，7126，主板消費品組）產能提昇後，工廠使用率料改善，再加上穩定的訂單及負債逐年降低，前景可期。

倫敦食品2015財政年營業額成長11.8%及淨利微跌0.3%至1千430萬令吉，略低於預期。

大眾研究表示，該公司早前提昇部份產能設施，使用率得以改善並開始貢獻營業額，預期來年可取得更好的表現。

此外，該公司近3年的負債率從0.67倍降低至0.59倍。

擬開發非麵粉類新產品

該公司有意開發非麵粉類的新產品，毛賺幅從現有平均的10%提高至25至30%。管理層放眼新產品在未來5年內佔現有營業額的30%。

大眾研究維持“超越大市”評級及目標1令吉零4仙不變，2016財政年本益比預計為10倍。

LONBISC倫敦食品
股價：43仙
總股本：1億8千653萬4千股
市值：1億3千616萬9千820令吉
30天日均成交量：41萬股
最新季度營業額：1億2千255萬3千令吉
最新季度盈虧：淨利2千840萬令吉
每股淨資產：2令吉零3仙
本益比：9.56倍
周息率：－
大股東：拿督劉佑忠（23.93%）（星洲日報／財經）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	90,622	87,639	90,622	87,639
2	Profit/(loss) before tax	6,933	6,445	6,933	6,445
3	Profit/(loss) for the period	6,081	5,808	6,081	5,808
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,207	5,075	5,207	5,075
5	Basic earnings/(loss) per share (Subunit)	2.79	2.91	2.79	2.91
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0600		2.0400

icy97

倫敦食品仍落後同業

016-01-31 09:14      
（吉隆坡30日訊）過去幾年的低原產品價格讓許多食品公司受惠，尤其是那些以更佳價位大量採購原料者。

除此之外，出口性質也讓這些公司受惠於強勢美元。2015年美元對馬幣走強23%。

不過，當大部份食品公司享有強勁盈利增長及利潤擴張時，本土糕點及零食製造商倫敦食品（LONBISC，7126，主板消費品組）卻成為落後大市業者之一。

東方食品（OFI，7107，主板消費品組）及可口食品（COCOLND，7205，主板消費品組）股價在過去一年分別上漲196%及100%，阿波羅食品（APOLLO，6432，主板消費品組）及奇新（KHEESAN，6203，主板消費品組）則各漲35%及54%。

反之，倫敦食品只漲19%，本益比10倍，低於上述同儕的13倍及16倍。

另外，倫敦食品持有奇新22%股權，過去一年，這兩家公司盈利停滯不前，淨利潤維持4%以下，對比同儕雙位數利潤。

該公司為國內最大本土食品製造商，在柔佛及雪蘭莪設有11間廠房，超過40%產品出口至少40個國家。

對於淨利停滯不前，該公司認為是原料成本高企，馬幣貶值增加生產成本所致。

分析員指出，缺乏投資分析導致該公司蒙塵，一些投資者也對家族式管理感到不舒適，該公司9位董事中有6位來自劉氏家族。（星洲日報／財經‧The Edge專版）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	86,666	89,993	177,288	177,632
2	Profit/(loss) before tax	7,453	5,253	14,386	11,698
3	Profit/(loss) for the period	6,654	4,350	12,735	10,158
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,469	3,617	10,676	8,571
5	Basic earnings/(loss) per share (Subunit)	2.93	2.01	5.72	4.77
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0900		2.0400

icy97

倫敦食品買進時機？

2016-04-10 19:22      

讀者王國豪問：
我是倫敦食品（LONBISC，7126，主板消費品組）的小股東，想知道它的最近業務進展，在甚麼價位值得買進？該公司最新的財務情況如何？

答：
1日的報告中，針對倫敦食品的未來業務展望時指出，該公司持續穩定地填補它的產能，同時專注在其分銷管道及尋求潛在市場。

馬鈴薯片生產線擁成長空間

該行指出，預料倫敦食品的下一波的成長階段將落在其馬鈴薯片領域，預料每年營業額貢獻將增加約30%。目前馬鈴薯片僅占銷售額低於5%水平。它的兩條馬鈴薯片生產線的使用率分別為約60%及35至40%，顯示它擁有很大的成長空間。

該行認為，該公司改變產品專注點至馬鈴薯片，主要是避免過於依靠麵粉基及糖果基的產品，同時馬鈴薯片的賺幅也較高，達到約25至30%水平。

至於在甚麼價位買進，大眾研究當時表示，該行發現該公司的營運及未來成長的價值，特別是它逐漸加強生產線的使用率以填補它的產能，使該行給它的目標價為91仙，或等於該公司2017年財政年預測本益比的10倍水平。

財務情況方面，截至2015年12月31日，該公司的總資產為7億9千367萬6千令吉，其中包括產業／工廠／器材為5億6千335萬4千令吉，貿易應收款項為1億4千979萬1千令吉、庫存為2千560萬3千令吉，存款／現金／銀行余款則為2千413萬1千令吉。

至於該公司總負債為2億8千869萬令吉，其中包括銀行承兌1億5千27萬9千令吉、貿易應付款項為885萬3千令吉、周轉信貸為3千400萬令吉、分期供款貸款為1千308萬1千令吉及銀行透支為83萬8千令吉。

該公司的每股淨資產值為2令吉9仙，繳足資本為1億8千653萬4千令吉，儲備金有2億零313萬6千令吉。（星洲日報／投資致富‧投資問診‧文：李文龍）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	112,165	102,355	289,453	279,987
2	Profit/(loss) before tax	5,954	5,137	20,340	16,835
3	Profit/(loss) for the period	4,019	3,559	16,754	13,717
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,601	2,898	14,277	11,469
5	Basic earnings/(loss) per share (Subunit)	1.93	1.61	7.65	6.38
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1100		2.0400

icy97

发1亿债券筹资‧伦敦食品成长可期

（吉隆坡4日讯）大众研究与伦敦食品（LONBISC，7126，主板消费品组）管理层会晤后，对其未来业务增长规划，以及持续强化资产负债表计划充满信心。

大众研究表示，伦敦食品将通过发售1亿令吉中期债券，用来再融资现有贷款，以及作为营运资本和增购新机械。

新薯片10月投入生产

其中，伦敦食品拟投放2000万令吉作为新薯片生产线的营运开销，预计在今年10月投入生产。目前，该公司旗下2条薯片生产线使用率为40至50%，而相关业务仅为2016财政年首9个月营业额带来少于5%贡献，但公司放眼在5年内将比重拉高至30%，主要是薯片高达20至30%赚益将带来更好的盈利表现。

除积极扩张外，伦敦食品也积极管理债务水平，其季度净负债比已从2015财政年第四季的0.59倍减至2016财政年第三季的0.46倍。

大众研究说，尽管短期净负债比可能受中期票据发售影响，但中长期净负债比却有望改善，主要是中期票据的60%将用来再融资短期债务，即可帮助公司达到立即的财务承诺，同时也将带来更健康的资金流动，以及缓冲现金流需要程度。

在上述两大因素支撑下，大众研究维持其“超越大市”

评级，以及1令吉零3仙目标价不变。

文章来源：
星洲日报‧财经‧报道：洪建文‧2016.08.04

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	147,055	122,552	436,508	402,539
2	Profit/(loss) before tax	4,933	5,906	25,273	22,741
3	Profit/(loss) for the period	5,621	4,482	22,375	18,199
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,182	3,554	18,459	15,023
5	Basic earnings/(loss) per share (Subunit)	2.24	1.98	9.90	8.35
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1300		2.0400

icy97

伦敦食品业务前景如何？

读者王志远问：

伦敦食品（LONBISC，7126，主板消费品组）最新业绩及未来业务前景如何？合理买进价位是多少？

答：截至2016年6月30日为止第四季，伦敦食品的净利为418万2000令吉（每股净利为2.24仙），前期净利为355万4000令吉（每股净利为1.98仙）。营业额为1亿4705万5000令吉，前期为1亿2255万2000令吉。

全年净利为1845万9000令吉（每股净利为9.90仙），前期净利为1502万3000令吉（每股净利为8.35仙）。

该公司的每股资产值为2令吉13仙。

针对其业绩表现，2016年全年净利近1846万令吉，大众研究表示，比该行预测高出5.3%。

谈到公司未来业务前景，该公司认为，截至2016年6月30日为止财政年为另一个具挑战的一年。管理层要确保截至2017年6月30日为止财政年将继续保持正面表现。

该公司表示，糕饼、零食及糖果领域保持良好，拥有稳定订单及获得生产设施提升的支持，从而可攫取新业务机会，惟仍是浮现一些挑战，特别是业务及消费者情绪受到影响，因受到国内外负面新闻的冲击。

马币走贬
制造成本提高

至于有关公司的业务营运，原料成本持续为一项波动因素，特别是各种原产品价格经历大幅度波动，因交易情绪的变动迅速，而马币汇率走贬更加剧情况，并使制造成本走高，同时目前国内消费者情绪情况降低产品的定价伸缩性。

惟幸上述各项冲击，获得公司管理层设定的各项营运改进措施的缓和。而公司管理层将继续保持其作业方式，即把产品价格定在较保守的外汇估值。公司业务方针没有改变，预料将对旗下业务带来影响。

针对伦敦食品的未来前景，大众研究在其最近的报告中认为，预料该公司将持续从产能扩充、及专注生产薯片的行动中受惠。

该行正面看待该公司持续改善其资产负债表的努力，特别是最近进行重新融资其贷款，将会反映出更健康资金情况及支持其现金流的需求及持续性。

大众研究表示，该公司2016财政年的净负债率为0.52倍，比2015年的0.60倍减少13%。短期里的净负债将保持在现有水平，主要是它最近发行中期票据以再融资其贷款、支持营运资本需求、融资新机械资本开销。融资成本将走高一段时期。

该行预料该公司净负债率情况及融资成本水平将在中长期获得改善，因该公司计划持续减少其借贷。

当时大众研究给的合理价为1令吉3仙，或等于其2017财政年预测本益比10倍水平，给予超越大市评级。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2016.11.06

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	92,301	90,622	92,301	90,622
2	Profit/(loss) before tax	6,887	6,933	6,887	6,933
3	Profit/(loss) for the period	6,235	6,081	6,235	6,081
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,211	5,207	5,211	5,207
5	Basic earnings/(loss) per share (Subunit)	2.79	2.79	2.79	2.79
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1600		2.1300

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Type	Announcement
Subject	OTHERS
Description	CESSATION OF HOLDING AND SUBSIDIARY RELATIONSHIP BETWEEN LONDON BISCUITS BERHAD AND KHEE SAN BERHAD
This announcement is made pursuant to Chapter 9, Para 9.19(24) of the Main Market Listing Requirements of Bursa Securities Malaysia Berhad (“Bursa Securities”). The Board of Directors of London Biscuits Berhad (“LBB” or “Company”) wishes to announce that Khee San Berhad (“KSB”), in which it is a major shareholder with a shareholding of 19,920,500 ordinary shares of RM1.00 each (being equivalent to 19.15%), will no longer be a subsidiary of the Company, by virtue of Section 5(1)(a)(i) of the Companies Act, 1965 ("Act"), with effect from the date of this Announcement.  There will be no material dilution and no changes in the shareholding of the equity shares in KSB by LBB. KSB is currently classified as a subsidiary of LBB by virtue of Section 5(1)(a)(i) of the Act, which allows such classification by virtue of control over the composition of the Board of Directors.  As a holding and subsidiary, the financial statements and reports will be consolidated as required under Malaysian Financial Report Standards (MFRS). With the cessation of the holding and subsidiary relationship, the financial reporting format for LBB from the Quarter ending 31 March 2017 onwards will not reflect the consolidation of KSB’s financial results of the same quarter. With the composition of the new Board and the appointment of a new Chief Executive Office (CEO), the Board of Directors of LBB are of the view that Section 5(1)(a)(i) of the Act, no longer applies and that LBB and KSB do not fall under the definition of subsidiary and holding company. Moving forward, this is also part of a gradual transition towards a future management model of a Management Team running the daily operations and being supervised by a Board composed of experienced directors from different fields or professions as well as invested stakeholders. This will provide an ideal balance between decisions made for short term benefits against the long term prospects of KSB. Furnished herewith is the information of KSB:- KSB is a public company incorporated on 14 June 1994 in Malaysia under the Act and was listed on the Second Board of Bursa Securities on 11 April 1996 and currently having its registered address at 22-2, Jalan 1/64, Off Jalan Kolam Air/Jalan Sultan Azlan Shah, 51200 Kuala Lumpur. The present authorised share capital KSB is RM200,000,000-00 comprising 200,000,000 ordinary shares of RM1.00 each, for which 104,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. KSB is an investment holding company with subsidiaries engaged in the manufacturing of sugar confectionary and wafer products. The subsidiaries of KSB are Khee San Food Industries Sdn Bhd and Khee San Marketing Sdn Bhd. The current Directors of KSB as follow: Dato’ Sri Liew Yew Chung (Non-Independent Non-Executive, Chairman) Ms. Liew Yet Mei  (Non-Independent Non-Executive Director) Mr. Edward Tan Juan Peng (Non-Independent Executive Director / CEO) Mr. Huang Yan Teo (Independent Non-Executive Director) Mr. Leslie Looi Meng (Independent Non-Executive Director) Mr. Wong Hock Foong (Independent Non-Executive Director) This announcement is dated 5 January 2017.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	95,972	86,666	188,274	177,288
2	Profit/(loss) before tax	6,096	7,453	12,984	14,386
3	Profit/(loss) for the period	5,316	6,654	11,552	12,735
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,272	5,469	9,484	10,676
5	Basic earnings/(loss) per share (Subunit)	2.24	2.93	4.98	5.72
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1600		2.1300

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	61,870	112,165	250,144	289,453
2	Profit/(loss) before tax	1,539	5,954	14,523	20,340
3	Profit/(loss) for the period	763	4,019	12,315	16,754
4	Profit/(loss) attributable to ordinary equity holders of the parent	763	3,601	12,315	14,277
5	Basic earnings/(loss) per share (Subunit)	0.65	2.08	6.84	7.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1800		2.1300

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Change in Financial Year End

LONDON BISCUITS BERHAD

Old financial year end	30 Jun 2017
New financial year end	30 Sep 2017

Remarks :

The Board of Directors of London Biscuits Berhad ("the Company") wishes to announce that the Company had changed its financial year end to 30 September, due to the changes of the financial year end in its holding company. Thus, the next set of financial statements will be made up from 1 July 2016 to 30 September 2017 covering a period of 15 months. Thereafter, the financial year end of the Company shall end on 30 September for each subsequent year.

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伦敦食品私配发附加股
冀筹6796万营运资本还债

2017年6月27日
（吉隆坡26日讯）为了筹集资本开销和偿还债务，伦敦食品（LONBISC，7126，主板消费产品股）建议私下配售与发行附加股，预计总共可筹得6796万5186令吉。

该公司日前向交易所报备，提议私下配售最多2238万1500股新股给独立第三方。

假设私配价为69仙，预计会筹得1544万3235令吉，其中1519万3000令吉将作为资本开销，譬如购买生产薯片原料。

此外，该公司也建议以每3股普通股配1股附加股、1张凭单及1股红股比列，发行高达8206万5548股可放弃附加股。

假设附加股发行价为64仙，伦敦食品最高将筹得5252万1951令吉。

其中4500万令吉用于偿还银行贷款、567万2000令吉用作资本开销。

值得注意的是，大股东Meileelanusa私人有限公司已承诺认购1000万令吉附加股，或约1562万5000股。

若无人认购剩余的4655万2929股附加股，公司将全面包销。公司预计今年末季完成上述企业活动。

更改财年截止日

同时，伦敦食品也将财政年截止日期，从6月30日，更改至9月30日。

配合更换财年，下一次财报会涵盖15个月，从2016年7月1日至2017年9月30日。【e南洋】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description	LONDON BISCUITS BERHAD ("LBB" OR "COMPANY")        PROPOSED PRIVATE PLACEMENT;        PROPOSED RIGHTS ISSUE WITH WARRANTS; AND        PROPOSED BONUS ISSUE(COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board of Directors of LBB, M&A Securities Sdn Bhd wishes to announce that LBB proposes to undertake the following proposals: (i) a private placement of up to 22,381,500 new ordinary shares in LBB, representing 10% of the share capital of LBB to independent third party investor(s) to be identified; (ii) a renounceable rights issue of up to 82,065,548 new ordinary shares in LBB (“Rights Shares”) together with up to 82,065,548 free detachable warrants (“Warrants”) on the basis of 1 Rights Share for every 3 existing ordinary shares held in LBB together with 1 Warrant for every 1 Rights Share subscribed at an entitlement date and at an issue price to be determined later (“Proposed Rights Issue with Warrants”); and (iii) a bonus issue of up to 82,065,548 new ordinary shares in LBB (“Bonus Shares”) on the basis of 1 Bonus Share for every 1 Rights Share subscribed under the Proposed Rights Issue with Warrants. Further details of the Proposals are set out in the attachment below. This announcement is dated 23 June 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5470549

Attachments London Biscuit Berhad - Announcement dated 23 June 2017.pdf