KUCHING: Supreme Consolidated Resources Bhd (SCRB) recorded a revenue of RM54.72 million for the fourth quarter of the financial year (Q4FY2024), which ended in September this year.
The company said its revenue was mainly attributable to the increase in sales of RM7.39 million in frozen and chilled food products mainly from bulk purchases by their wholesalers.
“This represents an increase of RM7.07 million or 14.84 per cent compared to RM47.65 million for the same financial quarter in Sept 30, 2023,” it said in a statement.
The company also said the it had registered profit before tax (PBT) and profit after tax (PAT) of RM3.14 million and RM2.22 million respectively in Q4FY2024, with a PBT margin of 5.7 per cent and PAT margin of 4 per cent, respectively.
Meanwhile, SCRB non-independent executive chairman Datuk Richard Wee expressed confidence in the company’s future, particularly with the upcoming expansion of the company warehouse facility.
He anticipates promising prospects ahead, underlined by SCRB’s solid financial performance in this crucial quarter, in conjunction with their listing on the ACE Market.
“We are pleased to share that our financial performance has shown a notable improvement, highlighting the ongoing strength and resilience in the demand for our frozen food products.
“This encouraging trend underscores the success of our strategies and the lasting attractiveness of our products in the marketplace,” he said.
Wee said that the expansion of the company warehouse facility will serve as an additional distribution centre for his company and is expected to cater to the expansion of SCRB’s products.
