PETALING JAYA: Furniture exporter Synergy House Bhd
’s net profit slumped by nearly 75% year-on-year (y-o-y) to RM2.77mil in the third quarter of this year (3Q25).
Sales were down partly due to weaker demand and US tariffs, which effectively dragged down its bottomline.
The stronger ringgit, higher operating costs and a provision for expected credit losses also led to the weaker net profit.
Synergy House’s 3Q25 revenue also fell by almost 36% y-o-y to RM73.14mil, primarily due to reduced contributions from the business-to-business segment.
No dividend was announced for the quarter. For the first nine months of this year, net profit tumbled by 59% to RM6.26mil, against revenue that fell 16.3% to RM230.18mil.
Executive director Tan Eu Tah expects the headwinds from the US tariff to be “transitional”.
