Pecca Group Bhd has achieved a record-breaking quarterly net profit in the second quarter of FY2025, despite experiencing a slight drop in revenue. The impressive profit growth was attributed to enhanced production cost efficiency and a strong sales mix, reflecting the company’s strategic focus on profitability.
For the three months ending December 31, 2024 (2QFY2025), Pecca reported a net profit of RM15.33 million (USD 3.47 million), marking a 14.6% increase compared to RM13.38 million (USD 3.03 million) in the same quarter last year.
This performance came even as revenue declined 3.3% to RM62.65 million (USD 14.18 million) from RM64.76 million (USD 14.66 million) due to a normalization in customer demand.
As a reward to shareholders, Pecca declared a second interim dividend of 1.5 sen per share, which will be payable on March 21, 2025.
For the six-month period ending December 31, 2024 (6MFY2025), Pecca’s net profit increased 13.3% to RM29.91 million (USD 6.77 million), up from RM26.39 million (USD 5.97 million) in the same period last year.
However, revenue dropped 8% to RM118.56 million (USD 26.84 million) from RM128.8 million (USD 29.14 million).
Pecca’s CEO Foo Ken Nee expressed confidence in the company’s outlook, stating,
“Our record second quarter performance, driven by improved production cost efficiency and higher profit after tax, provides strong momentum for the second half of FY2025.”
He further emphasized Pecca’s commitment to maintaining its leadership in the Malaysian automotive upholstery sector while actively exploring growth opportunities in key international markets and new segments.
While Pecca is widely recognized for its automotive upholstery business, the company is also making notable strides in the aviation industry.
It has expressed optimism about its ongoing expansion into aircraft interior solutions and Maintenance, Repair, and Overhaul (MRO) services, signaling a potential new revenue stream in the future.
