Latest news with #SSFHome
The Star
20 hours ago
- Business
- The Star
SSF Home reports RM5.9mil net profit in FY25
KUALA LUMPUR: SSF Home Group Bhd remains confident in its ability to navigate external challenges, including inflationary pressures, higher production and logistics costs from the expanded sales and service tax (SST), and ongoing global uncertainties. The furniture retailer said it will continue to adapt through strategic pricing, cost efficiencies, and resilient supply chain partnerships, while reinforcing its position in Malaysia's home and living retail segment. SSF Home said it will continue to strengthen its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences. 'Recent store openings, including our Glenmarie flagship, reflect our continued expansion into key urban centres with right-sized outlets to improve accessibility and operational efficiency,' it said in a filing with Bursa Malaysia. In the fourth quarter ended April 30, SSF's net profit declined 5.3% to RM5.9mil, or 0.73 sen per share, bringing its full-year profit to RM5.9mil, or 0.74 sen per share. Quarterly revenue came in at RM50.9mil, pushing full-year ending April 30 (FY25) revenue to RM152.5mil. Executive director Lok Kok Khong said FY25 had been a year of resilience and recalibration for SSF. 'While the operating environment presented challenges, we continued executing our strategic plans, expanding into key urban centres, uplifting the retail experience, and aligning closely with evolving consumer behaviours. 'Our performance underscores the strength of our value-based positioning and our growing brand relevance in Malaysia's home living segment,' Loh said in a statement. Throughout FY25, SSF expanded its store network to more than 40 outlets nationwide, including the launch of its Glenmarie flagship SSFHOME Garden outlet, which reflects its vision to transform the home retailing experience through immersive, lifestyle-driven formats.
New Straits Times
21 hours ago
- Business
- New Straits Times
SSF Home's Q4 net profit falls 5pct on margin pressure
KUALA LUMPUR: SSF Home Group Bhd posted a five per cent drop in net profit to RM5.8 million for the fourth quarter ended April 30, 2025, from RM6.2 million a year earlier, dragged by a lower gross profit margin. Quarterly revenue edged up 0.7 per cent to RM50.9 million, supported by sales from newly opened outlets. For the full year, net profit fell 17.8 per cent to RM5.9 million from RM7.2 million, as revenue slipped four per cent to RM152.5 million from RM158.9 million due to weaker overall sales. The company expects rising production and logistics costs from the expanded Sales and Service Tax, inflationary pressures, and slower global growth amid geopolitical tensions and trade negotiations with the United States. However, it expressed confidence in adapting through strategic pricing, improved cost efficiency, and strong supply chain partnerships. "The group remains committed to strengthening its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences. "In line with our rebranding efforts, SSF Home is focused on delivering affordable and practical home living solutions, supported by refreshed store formats and enhanced customer experience," it said in a bourse filing. Executive director Lok Kok Khong said the group remained focused on executing its strategic plans despite a tough operating landscape. "This includes expanding into major urban areas, enhancing the retail experience, and staying in tune with shifting consumer preferences," he said.
