Guan Chong plans growth as revenue jumps

PETALING JAYA: Guan Chong Bhd, which posted a 28% drop in net profit for the second quarter ended June 30 (2Q25), will continue to focus on its core cocoa ingredient processing business.

The group is expanding into the higher-margin industrial chocolate market and optimising production in line with market conditions.

In 2Q25, Guan Chong’s net profit fell to RM48.2mil from RM67mil a year earlier, with earnings per share slipping to 1.76 sen from 2.44 sen.

Revenue, however, surged 75% to RM3.9bil against RM2.22bil in 2Q24, mainly due to higher selling price for cocoa products.

For the first half, net profit was 10.2% lower at RM142.8mil, while revenue doubled to RM8.19bil from RM4.1bil.

The world’s fourth-largest cocoa grinder noted that cocoa prices remain elevated despite easing from earlier peaks.