PETALING JAYA: Hap Seng Consolidated Bhd will remain cognisant of the uncertain global market environment and its potential impact on the domestic economy.
In a filing with Bursa Malaysia, the group said it will closely monitor developments to effectively manage challenges affecting its business operations.
For the second quarter ended June 30, 2025, Hap Seng’s net profit dropped to RM143.68mil from RM170.13mil in the previous corresponding period, while revenue dipped to RM1.3bil from RM1.4bil a year earlier.
Hap Seng said quarterly performance was affected by lower revenue from all divisions except the automotive and building materials divisions.
“Consequently, group operating profit for the current quarter at RM279.5mil was 10% lower than the preceding year’s corresponding quarter of RM310.2mil with lower profit contribution from all divisions, except property and building materials divisions.
For the six-month period ended June 30, 2025, Hap Seng’s net profit dropped to RM245.35mil from RM307.41mil in the previous corresponding period, while revenue dipped to RM2.47bil from RM2.75bil previously.