Latest news with #RM9.03mil
The Star
a day ago
- Business
- The Star
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.
The Star
a day ago
- Business
- The Star
Hup Seng cautious on 2H25 amid rising raw material costs
KUALA LUMPUR: Hup Seng Industries Bhd will maintain a cautious stance for the second half of 2025 amid continuing geopolitical uncertainties. The food and beverage company noted that key raw materials costs remained sensitive to supply and regulatory developments, with upward price pressures anticipated 'Nevertheless, the group will continue to focus on operational efficiency to help mitigate the impact of rising costs and will closely monitor market conditions to remain competitive and sustain stable performance,' Hup Seng said. In the second quarter ended June 30, 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 year-ago quarter. The lower profit was primarily due to an increase in certain raw material costs, which offset the positive impact of higher sales. Revenue, however, rose 5.7% to RM84.8mil against RM80.2mil achieved a year ago. Hup Seng said its domestic sales increased by 9%, or RM5.5mil, compared to the previous corresponding period, driven mainly by growth in East Malaysia as well as wholesale, supermarket, and hypermarket channels. However, this gain was partially offset by a 5% decline in export sales, amounting to RM900,000, primarily from Indonesia and Myanmar. In the first six months, it posted a net profit of RM19.1mil, down 16.9% from RM23mil while revenue rose to RM176.6mil against RM173.8mil a year prior. The board of directors has recommended a first interim single-tier dividend of 2 sen per ordinary share for the financial quarter ending Dec 31, 2025. The entitlement date will be announced later.
