Financials

Excellent growth in Sales Performance by 39.99% QoQ. This could be due to roll over of Q4 2023 orders but we remain positive of two digits growth this 2024.

The EBITDA is on the low side of 16.85% due to inflation, higher cost of goods and weak Ringgit. Our strategy for 2024 is to build up a wider customers base than to simply increase our selling price in achieving a higher EBITDA.

The recorded Sales Performance of 40.24% QoQ shows a sustainable growth and two digits growth forecast is quite certain for this financial year.

Q2’s EBITDA shows a slight increase from 16.85% to 18.23%. However, we would expect a lower result for subsequent quarters due to the removal of diesel fuel subsidy by the Government of Malaysia in June 2024.

The sales of Q3 is always at the peak for all previous years. Nonetheless, we managed to out-perform last Q3 FY2023 sales with an increase in sales of (+)14%.

Slight drop of (-)1.35% is expected in Q3’s EBITDA from 18.23% to 16.88% due to higher non-subsidy diesel price, increase in ingredients and packaging materials.