KUALA LUMPUR (March 13): Apollo Food Holdings Bhd’s (KL:APOLLO) net profit fell 65.5% to RM10.43 million in its third quarter ended Jan 31, 2025 (3QFY2025) from RM30.24 million a year ago, dragged by lower profit margins and the absence of RM21.9 million in disposal gains from investment properties.

Its revenue for the quarter rose 2.7% to RM75.79 million from RM73.83 million in 3QFY2024, driven by a rise in domestic sales.

No dividends were declared, according to its filing with the local bourse.

For the first nine months ended Jan 31, 2025 (9MFY2025), the confectionery maker’s net profit declined 35.8% to RM30.72 million from RM47.83 million. Despite this, total revenue rose 13.7% to RM225.14 million from higher sales, compared to RM198.07 million in 9MFY2024.

Apollo managing director Cheah Jia Ming highlighted that the revenue growth demonstrates the effectiveness of the company’s proactive marketing strategy in driving sales in both domestic and export markets.

“Building on this momentum, we have begun expanding our distribution channels to enhance market penetration and anticipate further positive results in the coming quarters,” he said.

Cheah also said the group is implementing efficiency measures, addressing raw material cost challenges, and investing in brand equity to support sustainable growth.

These include expanding its distribution network, refining product offerings, and enhancing market positioning to cater to evolving consumer preferences and strengthen its presence locally and internationally.

“These efforts are integral to our long-term growth strategy and will further reinforce Apollo’s presence in both local and export markets,” he added.

Shares of Apollo were unchanged at RM6.76 on Thursday’s close, giving it a market capitalisation of RM540.8 million.