Empire Premium Food declares 0.67 sen dividend as quarterly profit rises
The Empire Sushi operator posted RM13.69 million in net profit for 2QFY2027, up 26.2% from the preceding quarter.
Empire Premium Food Bhd has declared a dividend of 0.67 sen per share after recording a 26.2% quarter-on-quarter increase in net profit for 2QFY2027. Earnings reached RM13.69 million, with quarterly revenue at RM85.23 million, according to its exchange filing.
The quarter ended Sept 30, 2026. The Empire Sushi operator said improved margins reflected tighter control over purchases of raw materials and direct staffing costs. In 1QFY2027, it recorded RM10.85 million in net profit and revenue of RM84.68 million.
Payment of the first interim dividend, totalling RM7.37 million, is scheduled for Dec 8. For the first half of FY2027, earnings totalled RM24.54 million, while revenue reached RM169.91 million. The company omitted year-on-year comparisons because its listing took place only on April 17.
Empire Premium Food is aiming for 165 outlets, compared with its existing 156. Its network consists of 138 grab-and-go sushi stores alongside 18 quick dine-in stores. The company said it continued to prioritise Sabah and Sarawak, assessing potential sites for customer traffic and tourism opportunities.
At end-September, cash and cash equivalents amounted to RM235.79 million, with no borrowings. The shares finished at 80 sen after gaining one sen or 1.27%, putting market capitalisation at RM880 million. The stock was 14% above its initial public offering price of 70 sen.
