PETALING JAYA: Farm Fresh Bhd
’s net profit for the second quarter ended Sept 30, 2024 (2QFY25) more than doubled year-on-year to RM26.2mil, underpinned by lower cost of dairy raw materials and contributions from Inside Scoop and Sin Wah.
In a filing with Bursa Malaysia, the milk producer also attributed its improved net profit performance in 2QFY25 to improving margins from Australian operations following the reduction in season farmgate prices by about 11% beginning July 2024.
Farm Fresh’s higher net profit translates to an earnings per share of 1.40 sen from 0.68 sen in 2Q24.
