Texchem Resources Bhd posted revenue of RM609 million for 1HFY22, representing a jump of 15.4% year-on-year (“YoY”) from RM527.9 million in the previous year’s corresponding period. Meanwhile, its first-half profit before tax (“PBT”) swelled 226.6% YoY to RM28.3 million versus RM8.7 million a year ago.
Correspondingly, profit after tax and non-controlling interest (“PATNCI” or “net profit”) for the period under review soared 180.7% YoY to a commendable RM19.8 million as compared to RM7.1 million in 1HFY21.
Commenting on the financial performance of Texchem Resources Bhd Group of Companies (“the Group”), Executive Chairman, Tan Sri Dato’ Seri (Dr) Fumihiko Konishi, said “Having started the financial year on a strong footing, we are very happy to have kept the ball rolling by delivering the best-ever first half bottom-line performance in our history. This indicates that the transformation strategies we put in place continued to bear fruit from all our business units, which anchored the growth of our 1HFY22 performance.”
“Meanwhile, we are mindful of the softer quarter-on-quarter (“QoQ”) performance, which was anticipated as a weaker quarter for our food division, due to the fishing ban imposed by the Myanmar Government from April to June 2022, along with the decline in sales for Sushi King due to Ramadhan which impacted the restaurant division in Q2.”
“Moving ahead, we continue to pursue the implementation and execution of our strategic plans across all core business divisions, which have been charting good progress. At the same time, we are also cognizant of the other ongoing challenges like rising interest rates to tame inflationary pressures, geopolitical tensions, and the emergence of new Covid-19 variants. We shall remain mindful of these challenges and the Group will continue to make efforts to deal with it,” Tan Sri (Dr) Fumihiko Konishi concluded.
In the current quarter under review, the Board of Directors has declared an interim dividend of 8.0 sen per share for the financial year ending 31 December 2022.
