VEDAN INT'L released its interim results, with shareholders' profit attributable to shareholders of USD 7.598 million, a year-on-year decrease of 8.8%
VEDAN INT'L released its interim results for the period ending June 30, 2025, with a profit attributable to shareholders of USD 7.598 million, a decrease of 8.8% year-on-year. The group's revenue was USD 184 million, a decrease of 0.48% year-on-year. The decline in revenue was mainly due to intensified market competition, with the sales prices and revenue of major products affected by slowing consumer demand. Despite a decrease in raw material and energy costs, the gross profit margin still declined compared to last year. Some products, such as hydrochloric acid and modified starch, saw a decrease in revenue due to weak market demand, while other products like coffee experienced revenue growth due to price increases and rising demand
According to the Zhitong Finance APP, VEDAN INT'L (02317) released its interim results for the six months ending June 30, 2025, reporting revenue of USD 184 million, a year-on-year decrease of 0.48%; profit attributable to shareholders was USD 7.598 million, a year-on-year decrease of 8.8%; basic earnings per share were 0.5 cents. A mid-term dividend of 0.3 cents per share is proposed.
The announcement stated that the decline in revenue was mainly due to increasing competition in various markets. Among the group's main products, the sales price and revenue of monosodium glutamate products decreased due to a slowdown in consumer market demand and competition. Although raw material and energy costs have decreased compared to last year, market competition has still led to a decline in gross profit margin this year compared to last year. Modified starch faced price reductions due to overcapacity in Thailand, while the group's products maintained relatively high prices, resulting in decreased sales volume and revenue; however, the decline in raw material prices compared to the same period last year led to an increase in gross profit compared to last year. Specialty products continued to see weak demand under economic downturn and competitive pressures, prompting the group to lower prices to maintain sales volume, resulting in a slight decrease in revenue compared to the same period last year. Hydrochloric acid was affected by weak market demand, with average selling prices continuing to decline, leading to a decrease in revenue compared to last year; despite a slight reduction in raw material and energy costs, gross profit still declined compared to last year. The fertilizer feed products actively developed other items to cope with market competition and weak demand. Additionally, other products of the group, such as coffee and bulk ingredients, saw revenue increase compared to last year due to price increases and sustained demand
