Zhitong Financial APP News, Coconut Feng Group (01695) released results for 2021 with earnings of about 92.657 million Malaysian ringgit, an increase of 4.49 percent over the same period last year; losses attributable to equity shareholders of 3.403 million ringgit Malaysia, an increase of about 12.79 percent over the same period last year; and a basic and diluted loss of 0.32 cents per common share.

The increase in sales was mainly due to sales of coconut milk and other foods such as Malay rice dumplings (ketupat) and roasted coconut paste (kerisik), the announcement said. The increase in losses is attributable to a decrease in other income for the financial year 2021, increased sales and distribution costs and unrealised foreign exchange differential losses.