PETALING JAYA: Hup Seng Industries Bhd
’s net profit fell 2.3% to RM8.8mil for the second quarter ended June 30, from RM9mil in the corresponding quarter last year.
The biscuit and confectionery manufacturer attributed the decline in earnings to poorer margin in certain segments and higher input costs.
During the quarter in review, its revenue grew 2.5% to RM71.4mil from RM69.7mil in the previous corresponding period, driven by domestic sales, while its earnings per share (EPS) slid to 1.1 sen from 1.12 sen previously.
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