According to the Zhitong Finance App, Xinghe Holdings (01891) announced interim results for the six months ended June 30, 2026, with revenue of MYR 659 million, a decrease of 9.1% year on year; profit attributable to company owners was MYR 1.1 million, a decrease of 86.9% year on year; basic profit per share was MYR 0.11.

According to the announcement, the decline in revenue was mainly due to a decrease in scrap metal sales volume and average selling price. Scrap metal sales decreased by 3.5% from 434,400 tons to 419,400 tons, while the average selling price of scrap metal fell 5.2% from MYR 1,446 per ton to MYR 1,371 per ton, reflecting the current weak pricing environment and market conditions in the domestic scrap metal industry during the reporting period.

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