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The company’s two core segments delivered mixed results, with Furniture facing major challenges while the Wood division remained marginally profitable.
The Manufacturing & Trading of Furniture segment recorded a loss before tax of RM4.8 million, mainly due to high ocean freight costs, geopolitical uncertainties, and the strengthening of the Ringgit against the US Dollar, which reduced export profitability.
Meanwhile, the Processing & Trading of Wood segment stayed profitable with a modest RM91,000 profit. However, this was a sharp decline from RM650,000 in the same quarter last year, caused by weaker demand for logs and rising diesel prices that increased transportation and logging expenses.
