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Envictus posts RM16.4 mil profit for 1HFY2024, reversing from RM12.5 mil net loss

Jovi Ho
Jovi Ho • 2 min read
Envictus posts RM16.4 mil profit for 1HFY2024, reversing from RM12.5 mil net loss
Listed since 2004, F&B group Envictus has held exclusive rights to the Texas Chicken Franchise Agreement since July 2012. Photo: EIHL
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Envictus International Holdings Limited (EIHL) (SGX:BQD) has posted a net profit of RM16.4 million ($4.68 million) for 1HFY2024 ended March 31, up from a net loss of RM12.5 million in the corresponding period. 

Revenue rose 12.2% y-o-y to RM314.1 million in 1HFY2024, from RM280.1 million in 1HFY2023, mainly attributed to the increased contributions from the food services and dairies divisions.

Profit before tax of RM18.4 million was derived from food services division of RM11.3 million, trading and frozen food division of RM4.7 million, dairies division of RM1.4 million and balance RM1.0 million from food processing division and non-operating companies. 

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