KUALA LUMPUR: Apollo Food Holdings Bhd
remains cautious as raw material price volatility continues to pose challenges, making cost management a key concern for the company.
“To mitigate these pressures, we are prioritising strategic procurement initiatives and operational efficiencies to safeguard margins while maintaining product competitiveness.
“Given our focus on long-term value creation, the group will begin deploying more capital into strengthening brand equity and enhancing operational efficiency to support sustainable growth,” the confectionery manufacturer said in a filing with Bursa Malaysia.
The group said that beyond expanding its distribution network, it is also refining its product offerings to better align with evolving consumer preferences.
Apollo Food aims to strengthen its market position through packaging improvements, product variations, and expansion, expecting satisfactory results for the financial year ending April 30 (FY25).
In the third quarter ended Jan 31, Apollo Food’s net profit tumbled 65.5% to RM10.4mil from RM30.2mil a year ago, with earnings per share dropping to 13.03 sen from 37.80 sen.
Revenue, however, rose to RM75.8mil against RM73.8mil a year prior. This was mainly due to the decrease in domestic sales in current quarter.
For the nine months ended Jan 31, Apollo Food’s net profit fell 35.8% to RM30.7mil from RM47.8mil, despite a 13.7% increase in revenue to RM225.1mil from RM198.1mil.
