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.

Sern Kou to dispose of Johor land for RM4mil

Sern Kou said the proposed disposal will allow the group to strengthen its liquidity and cash flow position by raising total net cash proceeds of RM3.67mil, which will be utilised as working capital.