KUALA LUMPUR: Hup Seng Industries Bhd
said it is operating in a highly competitive environment characterised by cautious consumer spending and ongoing volatility in raw material and supply chain costs.
Reporting a weaker profit in the latest quarter, the biscuit and confectionery maker said it remains focused on stringent cost control and production efficiency to defend its profit margins and market share.
It also continues to support its overseas distributors to sustain volume growth amid cautious regional consumer sentiment.
"Moving forward, through prudent management across both domestic and export segments, the group remains confident in its ability to navigate these challenges and sustain its performance for the remainder of the financial year," it said in its filing with Bursa Malaysia.
For the third quarter ended Sept 30, 2026, Hup Seng said net profit dipped to RM14.03mil from RM15.47mil in the year-ago quarter, while revenue fell to RM98.7mil from RM105.7mil previously.
Over a nine-month period, the group's net profit slipped to RM34.95mil from RM34.58mil. Revenue contracted to RM275.89mil from RM282.26mil in 9MFY25.
It said domestic sales declined by 4% or RM9.2mil during the period, mainly from all channels except retail.
Export market sales, however, increased 5% or RM2.8mil, mainly from Myanmar, Thailand, the US, Japan and Singapore.
The board of directors has recommended a third interim dividend of two sen per share.
