4 days ago
Cautious outlook for Hup Seng on cost concerns
PETALING JAYA: Hup Seng Industries Bhd maintains a cautious stance for the second half of 2025 (2H25) amid continuing geopolitical uncertainties.
In a Bursa Malaysia filing, the food and beverage company noted that key raw materials costs remain sensitive to supply and regulatory developments, with upward price pressures anticipated
For the second quarter ended June 30 (2Q25), Hup Seng's net profit fell 5.7% to RM8.5mil, or earnings per share of 1.06 sen, compared with RM9.03mil, or 1.13 sen, in the same quarter last year.
The lower profit was primarily due to rising raw material costs, which offset the positive impact of higher sales.
Revenue, however, rose 5.7% to RM84.8mil against RM80.2mil a year ago.
For 1H25, it posted a net profit of RM19.1mil, down 16.9% from RM23mil, while revenue rose to RM176.6mil from RM173.8mil a year prior.
The board of directors has recommended a first interim single-tier dividend of two sen per ordinary share for the financial quarter ending Dec 31, 2025. The entitlement date will be announced later.
