Envictus International Holdings has reported earnings of RM50.6 million ($15.3 million) for the FY2024 ended September, reversing from a loss of RM32.9 million in the same period last year.
Earnings per share stood at 16.62 sen, as compared to a loss per share of 11.11 sen in FY2023.
Meanwhile, the group’s revenue saw a 21.3% y-o-y increase to RM686.8 million in FY2024, mainly attributed to increased contributions from the group’s food services and dairies division.
Correspondingly, the group’s gross profit rose by 39.1% y-o-y to RM306.2 million for FY2024, while gross profit margin increased to 44.6%. This came on the back of the group’s food services division, which experienced lower food costs and higher selling price, while the dairies division experienced lower raw material costs and increased production output.
For the period, other operating income rose by RM22.6 million to RM28.5, due to a one-time gain on disposal of assets.
As at Sept 30, Envictus’ cash and cash equivalents stood at RM36 million, while shareholders’ equity was RM197.7 million.
See also: IHH Healthcare’s 3QFY2024 patmi remains flat at RM534 mil
Dato’ Jaya Tan, Envictus’ group chairman, says: “Our focus on internal optimisation initiatives has improved efficiency and performance, enabling us to better capitalise on opportunities for growth. This commitment will remain central to our strategy as we continue to expand our business prudently across all divisions, while upholding operational excellence.”
He adds: “With the Dairies Division sustaining its growth momentum following the market penetration into major hypermarket chains, we are focused on strengthening brand awareness and exploring strategic partnership to drive growth. Looking ahead, we remain committed to sustaining this positive trajectory by exercising financial prudence and proactive cash management. Our focus on optimisation efforts will drive sustainable business growth and deliver value to our shareholders.”
Shares in Envictus International Holdings BQD closed 7 cents higher, or up 25%, at 35 cents on Nov 27.
