KUALA LUMPUR: Oriental Kopi Holdings Bhd
will continue focusing on expanding its cafe network domestically while penetrating new overseas markets as part of its growth strategy.
“The group is also exploring innovative menu offerings and expanding its range of packaged food varieties. Furthermore, the group is pursuing initiatives to engage overseas distributors to promote its brand of packaged foods to foreign markets.
“This strategy aligns with the group’s expansion plan by introducing Oriental Kopi brand and its product offerings to a wider global market, extending beyond the domestic market in which the group is constantly enhancing its distribution networks locally,” the food and beverage (F&B) café chain operator said in the notes accompanying its financial results.
In the second quarter ended March 31, Oriental Kopi’s net profit rose 8.8% to RM15mil, or earnings per share of 0.75 sen, bringing first-half profit 19.2% higher to RM32.1mil, or 1.60 sen.
Quarterly revenue jumped 42.7% to RM147.2mil, lifting first-half revenue 42.5% higher to RM286.4mil.
The group remains optimistic on its prospects, supported by strategic initiatives, competitive strengths and favourable conditions in the F&B and packaged food segments.
“With these factors in place, the group remains confident in its business growth in the coming financial year and anticipates continued improvements in both revenue and profitability.”
