According to the Zhitong Finance App, YeFeng Group (01695) issued an announcement. According to the preliminary review of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (first half of 2026) and current board information, compared with profit after tax of approximately MYR 8.08 million for the six months ended June 30, 2025 (first half of 2025), the Group expects to achieve a loss after tax between MYR 7.25 million and MYR 7.75 million.

According to the directors, the expected losses for the first half of 2026 are mainly due to the combined effects of: (a) reduced revenue from coconut milk powder; (b) reduced gross margin due to falling coconut prices requiring reassessment of standard costs and increased trade promotion activities to expand market penetration; (c) reduced exchange earnings due to depreciation of the US dollar against the Malaysian ringgit; (d) increased advertising, marketing and distribution costs; and (e) increased personnel and related costs.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.