Oriental Kopi eyes local expansion and overseas market growth
KUALA LUMPUR: Oriental Kopi Holdings Bhd remains optimistic about its prospects, underpinned by its competitive strengths, strategic business initiatives, and favourable market conditions in both the F&B services sector and the distribution and retailing of branded consumer packaged foods.
'With these factors in place, the group remains confident in its business growth for the upcoming financial year and anticipates continued improvements in both revenue and profitability,' the food and beverage (F&B) services cafe chain operator said in a filing with Bursa Malaysia.
In the second quarter ended March 31, Oriental Kopi posted a net profit of RM13.8mil, or earnings per share of 0.69 sen, bringing its net profit for the first six months to RM26.9mil, or 1.35 sen.
Revenue for the quarter stood at RM103.2mil, lifting revenue for the first six months to RM201 mil.
Oriental Kopi said it will continue to focus on expanding its café outlets across various states, including Melaka and Penang.
'The group is also exploring opportunities to introduce innovative menu offerings and expand its range of packaged foods varieties, set to be launched in the coming quarters to attract new customers while retaining our loyal customer base,' it said.
The group is also pursuing initiatives to engage overseas distributors for its brand of packaged foods.
'This strategy aligns with the group's expansion plan to bring Oriental Kopi brand and its product offerings to a broader market, beyond the domestic landscape,' it added.
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