Apollo Food 3Q revenue up to RM76mil

PETALING JAYA: Apollo Food Holdings Bhd remains cautious as raw material price volatility continues to pose challenges, making cost management a key concern for the company.

In a filing with Bursa Malaysia, Apollo Food said in the third quarter ended Jan 31, its 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 the 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.