Hup Seng Q2 profit jumps 21pct to RM10.3mil
KUALA LUMPUR: Hup Seng Industries Bhd’s net profit rose 21.4 per cent to RM10.33 million in the second quarter ended June 30, 2026, from RM8.51 million a year earlier, driven by lower input costs for certain major raw materials.
Hup Seng Industries Bhd reported a 21.4% increase in net profit to RM10.33 million in the second quarter of 2026, following a year-on-year decrease to RM8.51 million in the previous year. This growth was primarily due to lower input costs for key raw materials. Revenue also saw a modest 1.3% rise to RM85.97 million, up from RM84.83 million, driven by increased export demand from Indonesia and Myanmar.
Export sales grew by 10%, or RM1.7 million, while domestic sales fell by 1%, or RM0.6 million, mainly due to reduced sales in hypermarket, supermarket, and wholesale channels. The company announced a second interim single-tier dividend of one sen per share for the fiscal year ending December 31, 2026, with the exact date to be announced later.
For the six-month period, net profit increased by 9.5% to RM20.92 million, and revenue grew marginally by 0.4% to RM177.19 million, up from RM176.56 million. Hup Seng expects the operating environment to remain tough due to intense domestic competition, cautious consumer spending, and ongoing uncertainties over input costs and currency fluctuations.
While export markets present growth opportunities, the company remains cautious about global economic conditions.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
