Oriental Holdings Posts Net Loss Of RM59.67 Mln In 2Q

KUALA LUMPUR, Aug 21 (Bernama) -- Oriental Holdings Bhd recorded a net loss of RM59.67 million in the second quarter ended June 30, 2025 (2Q 2025) from a net profit of RM38.19 million in 2Q 2024.

However, revenue for the quarter under review rose to RM1.26 billion from RM1.18 billion previously, driven by stronger performance from the plantation segment, it said in a filing with Bursa Malaysia today.

“For the first half of 2025 (1H 2025), the group’s revenue rose 13 per cent to RM2.68 billion compared to RM2.37 billion in 1H2024.

“The increase was mainly due to higher contribution from the plantation segment with the overall increase in prices of commodities and volume, as well as higher contribution from the automotive segment, especially from retail operations in Singapore,” it said.

On prospects, Oriental Holdings said it would continue to improve the performance of its core businesses in the most efficient and cost-effective manner.

The group is keen to keep its interest expenses low while managing the volatility of the foreign exchange rates on its foreign currency borrowings, given the prolonged volatility and uncertainties in the current global economic environment.

“We will continue to seek business opportunities that will complement existing businesses and further consolidate and strengthen the group’s financial strength to meet the challenges ahead,” it said.

Meanwhile, Oriental also declared an interim single-tier dividend of 20 sen per ordinary stock for the financial year ending Dec 31, 2025, with entitlement and payment date to be announced at a later date.

-- BERNAMA