Hup Seng Reports Third-Quarter Profit Decline, Announces Interim Dividend of Two Sen
Weaker demand for biscuits in the domestic market and declining export sales weighed on Hup Seng Industries Bhd’s third-quarter performance. The company still declared its third interim dividend of two sen per share, bringing total dividends for the year to four sen per share.
Highlights
- Hup Seng reported a 9.33% decline in third-quarter net profit to RM14.03 million and a 6.62% drop in revenue to RM98.7 million, and announced an interim dividend of two sen per share.
- For the first nine months of FY2026, net profit edged up just 1.08% to RM34.95 million despite revenue falling 2.26% to RM275.89 million, supported by favourable raw material prices.
- Hup Seng will maintain its focus on cost control and efficiency to defend margins in the competitive biscuit market, with shares unchanged at 79 sen and down 28.18% year to date.
This article was translated from the original. Read the original version by our correspondent here.
Third-quarter performance and dividend payment
As reported by The Edge Malaysia, citing a Bursa Malaysia filing, Hup Seng’s net profit for the three months ended 30 Sept 2026 fell 9.33% to RM14.03 million from RM15.47 million a year earlier, as domestic demand for biscuits weakened and export sales declined.Quarterly revenue fell 6.62% to RM98.7 million from RM105.7 million in 3QFY2025, while earnings per share declined to 1.75 sen from 1.93 sen. The board also recommended a third interim dividend of two sen per share.
Market pressures and year-to-date position
For the first nine months of FY2026, Hup Seng’s net profit edged up 1.08% to RM34.95 million from RM34.58 million in the same period a year earlier, despite revenue declining 2.26% to RM275.89 million from RM282.26 million. The group said favourable prices for certain raw materials throughout the year had helped sustain year-to-date profitability.Looking ahead, Hup Seng said the biscuit manufacturing sector remains highly competitive as consumers spend cautiously and raw material and supply chain costs continue to fluctuate. The company said it would continue to focus on tight cost controls and production efficiency to defend profit margins and market share, while supporting overseas distributors to sustain volume growth amid cautious regional consumer sentiment.
Hup Seng shares closed unchanged at 79 sen on Tuesday, giving the group a market capitalisation of RM632 million. Year to date, the shares are down 28.18%.
As we noted previously, US interest rate concerns and foreign selling weighed on FBM KLCI performance.
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