S&P INTL HLDG issued a profit warning, expecting after-tax profit in the first half of the year to increase to no less than 7.5 million Malaysian Ringgit year-on-year
S&P INTL HLDG expects that the after-tax profit for the first half of the year ending June 30, 2025, will not be less than 7.5 million Malaysian Ringgit, a significant increase from 3.25 million Malaysian Ringgit in the first half of 2024. The growth in performance is mainly attributed to an approximately 29% increase in sales of coconut-related products and foreign exchange gains. However, operating expenses increased by about 3.27 million Malaysian Ringgit due to higher marketing, logistics, and employee costs
According to the announcement from S&P INTL HLDG (01695), compared to the after-tax profit of approximately 3.25 million Malaysian Ringgit for the first half of 2024, the group expects to achieve an after-tax profit of no less than 7.5 million Malaysian Ringgit for the six months ending June 30, 2025.
The announcement states that the expected performance for the first half of 2025 is attributed to an approximately 29% increase in sales of coconut-related products and a net foreign exchange gain of approximately 3.64 million Malaysian Ringgit due to the strengthening of the Malaysian Ringgit against the US dollar. However, the group's operating expenses increased by approximately 3.27 million Malaysian Ringgit in marketing activities, logistics costs, and employee-related costs
