Latest news with #LoiTuanEe
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
Farm Fresh ends FY25 on a high note with record 4Q earnings
FARM Fresh Bhd's net profit rose 15% year-on-year to RM27.65 million for the fourth quarter ended March 31, 2025, buoyed by strong demand for new products — including milk powder, chocolate drink powder, and consumer-packaged ice cream — and lower input costs. Revenue climbed 21% to RM170.8 million. For the full year, net profit surged 68% to RM106.4 million, driven by contributions from Inside Scoop and Sin Wah, both acquired in 2023. Farm Fresh said its revenue increased 21% to RM981.18 million. Its CEO Loi Tuan Ee said Farm Fresh is ramping up capacity at its Taiping plant to meet robust ice cream demand while awaiting completion of its Enstek facility in late 2025. The Muadzam Shah farm is also being expanded to support higher milk output. 'With these developments and initiatives in place, we are confident in sustaining our growth trajectory and we look forward to a stronger year ahead,' Loi added. — TMR
The Star
29-05-2025
- Business
- The Star
Expansion plans to drive sustainable growth for Farm Fresh
Farm Fresh Bhd group managing director and CEO Loi Tuan Ee KUALA LUMPUR: Armed with a stronger set of earnings and expansion plans, Farm Fresh Bhd group managing director and CEO Loi Tuan Ee expects the group to sustain its growth trajectory in the year ahead. 'We are pleased by what we have been able to achieve as a team in financial year 2025. "The hard work of each and every one has not gone unnoticed as we continued to push the boundaries of possibilities, demonstrating a sustainable upward growth trajectory in our earnings and profitability while ensuring that we continue our category and regional expansion, laying the foundation for sustainable growth as we progress into the year 2026," he said in a statement announcing the dairy firm's results for the recently concluded financial year 2025. In the fourth quarter ended March 31, 2025 (4QFY25), Farm Fresh posted a net profit of RM28.35mil, up from RM23.93mil in the year-ago quarter, translating to an earnings per share of 1.51 sen against 1.28 sen previously. The group reported revenue of RM243.73mil, compared to RM215.03mil in 4QFY24. Over the full financial year, Farm Fresh registered a net profit of RM106.4mil, a leap ahead of RM63.53mil in FY24. Revenue was also improved to RM981.18mil from RM810.41mil in the previous year. According to the group, the improved revenue was underpinned by sales contribution from new product launches coupled with higher commercial sales from UHT and the school milk programme, as well as full year sales contribution from Inside Scoop and Sin Wah. Meanwhile, the higher profitability was also attributed to lower costs due to lower dairy input costs, which significantly improved margins.
