S&P Int'l Hldg (01695.HK) is expected to record a post-tax profit of no less than 300 million Malaysian ringgit for the six months ending on June 30th, compared to a post-tax loss of approximately 4.56 million Malaysian ringgit for the same period last year.

The main reason for the mid-term loss to profit is due to the approximately 39% increase in sales revenue from coconut-related products; a gross margin increase of approximately 64%; a reduction of approximately 3 million Malaysian ringgit in unrealized forex losses; and an increase of approximately 0.9 million Malaysian ringgit in operating expenses, mainly from employee-related and logistics costs.