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Apollo Food Declares 30 Sen Dividend After Steady 1H

Business Today ·  Dec 4 21:58

Apollo Food Holdings announced its financial results for the second financial quarter with revenue of RM77.3 million, marking a 17% year-on-year ("YoY") increase compared to the corresponding quarter of the previous year. Net profit rose by 7% to RM10.6 million. For the six-month cumulative period ("6M FY2025"), the Group recorded revenue of RM149.3 million and net profit of RM20.3 million, reflecting a growth of 20% and 15%, over the same period of the previous year.

The group said it generated net operating cash flow amounting to RM23.3 million for the 6M FY2025 and closed the period with a robust cash position of RM141.6 million, maintaining a debt free balance sheet. With this set of results, Apollo declared an
interim dividend of 30 sen per share to reward its shareholders, payable on 31 December 2024.

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