PETALING JAYA: Apollo Food Holdings Bhd
is optimistic its strategic direction is progressing on the right track, noting that with the groundwork for its domestic Route-to-Market transition largely completed, the group is moving past the anticipated transitional impact on sales and is now observing signs of stabilisation.
It said while the transition involved expected short-term adjustments, domestic sales are stabilising, and the group’s targeted brand engagement initiatives, coupled with a refreshed portfolio of products, are beginning to show positive results.
Releasing its results for the second quarter ended Oct 31 (2Q26) yesterday, Apollo saw a 29.9% year-on-year (y-o-y) decline in net profit to RM7.4mil, as revenue also edged 2.7% lower to RM75.3mil.
For the six months up to October, bottomline was 32% lower y-o-y at RM13.8mil, as turnover decreased by 6% to RM140.3mil.
The group attributed weaker domestic sales for its lower overall revenue which has led to decreased profitability, on top of higher operating costs.
Compared with the preceding quarter ended July, however, net profit increased 17.1% from RM6.4mil, as topline also grew 15.7% from RM65.1mil, which Apollo said was due to higher export sales.
The confectionary manufacturer declared a dividend of 15 sen per share for 2Q26, bringing the total dividend declared for the financial year ending April 2026 to 30 sen per share.
Managing Cheah Jia Ming said the encouraging quarter-on-quarter improvement in performance provided early affirmation for the group that its strategic direction was gaining ground.
