posted a lower revenue of RM130.57 million as compared to a revenue of RM271.75 million in the previous year’s corresponding quarter. The Group incurred a pre-tax loss of RM42.69 million in the current quarter under review as compared to pre-tax profit of RM29.04 million in the previous year’s corresponding quarter.
PRESS RELEASE
BFOOD POSTS RM130.57 MILLION REVENUE FOR THE 4TH QUARTER ENDED 30 JUNE 2024
Date: 27 August 2024
Venue: Kuala Lumpur
For the Fourth Quarter Ended 30 June 2024
Berjaya Food Berhad (“BFood”) posted a lower revenue of RM130.57 million as compared to a revenue of RM271.75 million in the previous year’s corresponding quarter. The Group incurred a pre-tax loss of RM42.69 million in the current quarter under review as compared to pre-tax profit of RM29.04 million in the previous year’s corresponding quarter.
The significantly lower revenue and pre-tax loss incurred in the current quarter under review were primarily attributed to the current sentiment in relation to the conflict in the Middle East. year.
Berjaya Food Berhad (“BFood”) posted a lower revenue of RM130.57 million as compared to a revenue of RM271.75 million in the previous year’s corresponding quarter. The Group incurred a pre-tax loss of RM42.69 million in the current quarter under review as compared to pre-tax profit of RM29.04 million in the previous year’s corresponding quarter.
The significantly lower revenue and pre-tax loss incurred in the current quarter under review were primarily attributed to the current sentiment in relation to the conflict in the Middle East. year.
For the Financial Year Ended 30 June 2024
The Group reported a revenue of RM730.30 million and pre-tax loss of RM87.34 million. These figures represent a decrease compared to the revenue and pre-tax profit of RM1.12 billion and RM148.73 million recorded in the same period of the previous year. The decline in revenue and pre-tax loss was primarily attributed to the abovementioned reason and one-off loss arising from the disposal of the Group’s entire equity interest in Jollibean Foods Pte Ltd.
Excluding the exceptional investment related expenses, the pre-tax loss would have been RM76.84 million as compared to a pre-tax profit of RM148.73 million in the previous financial year.
The Group reported a revenue of RM730.30 million and pre-tax loss of RM87.34 million. These figures represent a decrease compared to the revenue and pre-tax profit of RM1.12 billion and RM148.73 million recorded in the same period of the previous year. The decline in revenue and pre-tax loss was primarily attributed to the abovementioned reason and one-off loss arising from the disposal of the Group’s entire equity interest in Jollibean Foods Pte Ltd.
Excluding the exceptional investment related expenses, the pre-tax loss would have been RM76.84 million as compared to a pre-tax profit of RM148.73 million in the previous financial year.
Dividend
The Board does not recommend any dividend for the current quarter under review.
The Board does not recommend any dividend for the current quarter under review.
Future Prospects
The Directors recognise the challenging market conditions and external pressures affecting the Group’s business performance. Despite these difficulties, we remain cautiously optimistic expecting a gradual improvement in operational performance over the next financial year. While recovery may be slow due to ongoing current uncertainties, the Directors believe that strategic adjustments and operational refinements will, in time, strengthen the Group’s position and lead to better financial results.
The Directors recognise the challenging market conditions and external pressures affecting the Group’s business performance. Despite these difficulties, we remain cautiously optimistic expecting a gradual improvement in operational performance over the next financial year. While recovery may be slow due to ongoing current uncertainties, the Directors believe that strategic adjustments and operational refinements will, in time, strengthen the Group’s position and lead to better financial results.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.