KUALA LUMPUR (Feb 20): Pecca Group Bhd (KL:PECCA) posted a record quarterly net profit in the second quarter, despite a year-on-year decline in revenue, driven by production cost efficiency and a favourable sales mix.

Net profit for the three months ended Dec 31, 2024 (2QFY2025) came out to an all-time high RM15.33 million, up 14.6% from RM13.38 million in the same period a year earlier, according to the car upholstery maker’s bourse filing on Thursday.

This was despite revenue being 3.3% lower at RM62.65 million versus RM64.76 million in 2QFY2024, due to lower sales as customer demand normalised.  

Pecca declared a second interim dividend of 1.5 sen per share, payable on March 21.

For the six months ended Dec 31, 2024 (6MFY2025), Pecca’s net profit was up 13.3% to RM29.91 million versus RM26.39 million in the same period a year earlier, while revenue slipped 8% to RM118.56 million from RM128.8 million.

“Our record second quarter performance, driven by improved production cost efficiency and higher profit after tax, provides strong momentum for the second half of FY2025,” Pecca CEO Foo Ken Nee said in a statement.

“We continue to strengthen our position as the leading automotive upholstery solutions provider in Malaysia, and are also focused on expanding in key markets and segments,” he added.

Besides its automotive upholstery segment, Pecca also said the group is optimistic of its progress in venturing into the aircraft interior and MRO business of the aviation industry.

Shares in Pecca closed one sen or 0.7% higher at RM1.43, valuing the group at RM1.08 billion.