Hup Seng 3Q net profit at RM15mil

PETALING JAYA: Hup Seng Industries Bhd expects the operating environment to remain challenging amid ongoing cost pressures and uncertain export conditions.

In a filing with Bursa Malaysia, the biscuits manufacturer said it remained committed to prioritise cost control, improve operational efficiency and strengthen growth opportunities in both domestic and export markets.

For the third quarter ended Sept 30, 2025, Hup Seng’s net profit dipped to RM15.47mil from RM17.27mil in the previous corresponding period, primarily due to higher input costs and distribution costs such as carriage outwards and distribution centre costs for outlets despite a 1% increase in revenue.

Revenue grew to RM105.7mil from RM104.43mil a year earlier. For the nine-month period ended Sept 30, 2025, Hup Seng’s net profit dropped to RM34.58mil from RM40.27mil a year earlier, while revenue rose to RM282.26mil from RM278.23mil previously.

The company said the rise in certain raw material prices during the first half of the year eroded margin growth of the group despite an improvement in turnover.

“Higher distribution costs such as carriage outwards, distribution center costs for outlets and promotional expenses also depressed the profit performance,” it said.