HENG HUP announced its interim results, with profit attributable to owners of the company amounting to 8.5 million Malaysian Ringgit, a year-on-year decrease of 26.0%
HENG HUP announced its mid-term results for 2025, with revenue of 725 million Malaysian Ringgit, a year-on-year decrease of 16.2%. Gross profit was 61.7 million Malaysian Ringgit, a year-on-year decrease of 0.2%; profit attributable to owners of the company was 8.5 million Malaysian Ringgit, a year-on-year decrease of 26.0%. The decrease in revenue was mainly due to a decline in sales volume and average selling price of black scrap metal, which also affected profitability
According to the Zhitong Finance APP, HENG HUP (01891) announced its interim results for 2025, with revenue of 725 million Malaysian Ringgit, a year-on-year decrease of 16.2%. Gross profit was 61.7 million Malaysian Ringgit, a year-on-year decrease of 0.2%; profit attributable to shareholders was 8.5 million Malaysian Ringgit, a year-on-year decrease of 26.0%.
The announcement stated that the decrease in revenue was mainly driven by current industry trends, with a decline in the sales volume of black scrap metal and a drop in average selling prices. The decline in profitability was primarily attributed to the decrease in revenue and the continued pressure on gross profit margins due to the drop in average selling prices of black scrap metal
