KUALA LUMPUR (Aug 4): Formosa Prosonic Industries Bhd (KL:FPI) saw revenue jump 66.7% to RM182.95 million for the second quarter ended June 30, 2026 (2QFY2026), as higher sales volume and forex gains helped the audio products manufacturer return to the black.

Net profit came in at RM13.92 million, compared to a net loss of RM819,000 a year earlier.

In a Bursa filing on Tuesday, the group attributed the turnaround to higher sales volume and more favourable currency movements. 

It recorded a foreign exchange gain of RM2.11 million, compared to a loss of RM16.04 million a year earlier.

Looking ahead, Formosa Prosonic said the operating environment remains challenging amid geopolitical conflicts, trade barriers, elevated energy costs and supply chain disruptions. The group said it will continue to monitor developments and take steps to mitigate their impact on its operations.

In separate filings, Formosa Prosonic announced boardroom changes effective Tuesday. Independent director Leong Ngai Seng, 54, was redesignated as the group’s non-executive chairman. The filing did not disclose any shareholding held by Leong.

The group also appointed general manager Cheong Hong Yip, 57, as executive director. Cheong, who has been with the group for more than 20 years, directly owns 1.04 million shares, representing 0.39% of the company, while his spouse holds 345,400 shares, or 0.129%.

Formosa Prosonic shares closed five sen or 4.5% higher at RM1.16 on Tuesday, giving the group a market capitalisation of RM313.5 million.