Guan Chong sees demand recovery as cocoa prices stabilise

TheStar Fri, May 29, 2026 08:15pm - 6 days View Original


PETALING JAYA: The lower selling prices of cocoa products resulted in Guan Chong Bhd posting a revenue of RM2.62bil for the first quarter ended March 31, 2026 (1QFY26), compared to RM4.3bil in the same quarter a year ago.

In a filing with the local bourse, the cocoa product manufacturer's profit was higher at RM123.57mil versus RM94.59mil in 1QFY25.

Guan Chong said this was mainly on the back of lower finance costs arising from lower borrowings during the current quarter.

The group declared a second interim single-tier dividend of 1.5 sen per ordinary share, payable on July 10.

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