Kuala Lumpur, Dec 20: SSF Home Group Berhad (“SSF”), a leading retailer in furniture and home living products, announced its Q2 FY2025 financial results for the period ending 31 October 2024.
The Group reported revenue of RM30.09 million, a 3.9 per cent dip compared to Q2 FY2024, largely attributed to inflation’s impact on consumer sentiment.
However, its loss before tax improved significantly, reducing to RM2.47 million from RM3.63 million in Q2 FY2024, when results were affected by one-off IPO listing expenses of RM3.2 million.
The current quarter’s loss was due to lower gross profits and increased depreciation charges for Right-of-Use assets.
Continuing its expansion strategy, SSF launched its 43rd retail outlet in Johor Bahru in August and its first East Malaysia outlet in Kota Kinabalu in October, demonstrating its commitment to growth in high-potential markets.
Looking ahead, the Group remains optimistic about retail recovery, driven by enhanced consumer purchasing power and supportive measures under Budget 2025, including increased cash transfers and a higher minimum wage.
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