Berjaya Food hit by Middle East crisis; lower revenue drags it into the red with net loss of RM91.51m in FY2024

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KUALA LUMPUR, Aug 28 — Berjaya Food Bhd (BFood) has slipped into the red with a net loss of RM91.51 million in the finan...

On prospects, BFood said its directors recognised the challenging market conditions and external pressures affecting the group’s business performance.“Despite these difficulties, we remain cautiously optimistic and expect a gradual improvement in operational performance over the next financial year.“While recovery may be slow due to ongoing current uncertainties, the directors believe that strategic adjustments and operational refinements will, in time, strengthen the group’s position and lead to better financial results,” it said.

The company did not recommend any dividend for the current quarter under review.

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Category: EconomyBusiness

Markets: MalaysiaIndia

Topics: Berjaya Food Berjaya Food Bhd (BFood) Revenue Midle east crisis Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 08:49:08 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 236 words

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Sentences: 17 lines

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Copyright Owner: © Malay Mail

News ID: 22290502

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