Kuala Lumpur, March 27: SSF Home Group Berhad, a leading retailer in the furniture, home décor, and living products sector, has announced its financial achievements for Q3 FY2024, marking a period of strong growth.
The company reported a revenue of RM37.7 million, a 20.4 per cent increase from RM31.3 million in Q2 FY2024, largely driven by seasonal sales boosts during Christmas and Chinese New Year.
The third quarter also saw a significant financial turnaround for SSF, with a Profit After Tax (PAT) of RM2.0 million, recovering from a previous quarter Loss After Tax (LAT) of RM3.6 million.
This recovery is attributed to the increased revenue and the absence of one-time listing expenses incurred in Q2 FY2024.
Despite facing global economic challenges and rising interest rates, SSF has demonstrated resilience and strategic agility, as highlighted by the executive team.
With Malaysia’s economy expected to grow by 4.5 per cent this year, SSF remains cautiously optimistic, planning to leverage the gradual recovery in exports and steady domestic demand to further its growth. The opening of three new retail outlets in Q4 FY2024 underscores SSF’s commitment to expanding its market presence and adhering to its growth strategy.
SSF Home Group, listed on the ACE Market of Bursa Malaysia since October 2023, closed its share price at RM0.28 as of yesterday, with a market capitalisation of RM224.0 million, reflecting the company’s robust position in the market and its promising outlook for future growth.
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