Farm Fresh quarterly revenue reaches record high

CEO Loi said the group was still actively growing and expanding with its planned commencement of operations in the Philippines and launch of its own growing-up milk in powder form by end-2023.

KUALA LUMPUR: While the escalating costs of dairy raw materials have taken a bite out of Farm Fresh Bhd’s bottom line, the dairy producer said it was optimistic over its growing revenue and market share.

In the first quarter of its 2024 financial year (FY24), Farm Fresh posted a net profit of RM6.37mil, which was less than half of the RM15.24mil registered in the first quarter of FY22.