KUALA LUMPUR: Apollo Food Holdings Bhd
said it is adopting a cautious outlook over the near term given the rising cost of raw materials and other input costs, while taking steps to mitigate these pressures.
It said it aims to improve operational efficiencies and streamline processes as safeguard measures while maintaining its product quality and competitiveness.
"Barring unforeseen circumstances, the Board expects satisfactory results for the financial year ending April 30, 2025, it said in its results filing with Bursa Malaysia.
in the second quarter ended Oct 21, 2024, Apollo Food posted a net profit of RM10.62mil, up from RM9.95mil in the year-ago quarter, while earnings per share rose to 13.27 sen from 12.44 sen previously.
The group's revenue in 2QFY25 increased to RM77.34mil from RM65.96mil in the comparative quarter, due to an increase in both domestic and export sales.
For the six months period, its net profit came to RM20.29mil against RM17.59mil in 2QFY24, while revenue jumped to RM149.35mil from RM124.24mil in the year-ago period.
The board of directors recommended a first interim dividend of 30 sen per share with entitlement and payment dates on Dec 19, 2024, and Dec 31, 2024, respectively.
