Hup Seng posts 9.33% quarterly profit decline, recommends dividend
Revenue fell 6.62% as domestic biscuit demand weakened and export sales declined.
Hup Seng Industries Bhd posted RM14.03 million in net profit for 3QFY2026, a 9.33% decline amid softer local biscuit demand and reduced export sales. Its Bursa Malaysia filing on Nov 10 showed quarterly revenue at RM98.7 million, down 6.62%.
For the quarter ended Sept 30, 2026, profit compared with RM15.47 million a year earlier, while revenue compared with RM105.7 million in 3QFY2025. Per-share earnings were 1.75 sen, against 1.93 sen previously.
The board proposed two sen per share as its third interim dividend. That would take dividends for the year to date to four sen per share.
The nine-month results showed a different profit trend: net profit reached RM34.95 million, up 1.08% from RM34.58 million. Revenue over that period was RM275.89 million, a 2.26% reduction from RM282.26 million. Hup Seng credited favourable pricing for some raw materials with helping to sustain profitability.
The company described biscuit manufacturing as highly competitive, with consumers spending cautiously and raw-material and supply-chain costs fluctuating. It said its priorities would remain strict cost management and production efficiency, alongside support for overseas distributors to sustain volume growth.
At the Nov 10 close, Hup Seng was unchanged at 79 sen, with a market capitalisation of RM632 million. Its shares had lost 28.18% for the year to date.
