KUALA LUMPUR (Nov 10): Biscuit maker Hup Seng Industries Bhd (KL:HUPSENG) reported a 9.33% decline in net profit for the third quarter, amid weaker domestic demand for biscuits and lower export sales.

Net profit for the three months ended Sept 30, 2026 (3QFY2026), dropped to RM14.03 million from RM15.47 million a year earlier. Earnings per share fell to 1.75 sen from 1.93 sen.

Quarterly revenue declined 6.62% to RM98.7 million from RM105.7 million in 3QFY2025, according to the group’s Bursa Malaysia filing on Tuesday (Nov 10).

The board recommended a third interim dividend of two sen per share, bringing the year-to-date dividend to four sen per share.

For the first nine months of FY2026, Hup Seng’s net profit inched up 1.08% to RM34.95 million from RM34.58 million in the previous corresponding period, despite a 2.26% decline in revenue to RM275.89 million from RM282.26 million.

The group said favourable prices for certain raw materials during the year helped sustain its year-to-date profitability.

Looking ahead, Hup Seng said the biscuit manufacturing sector remains highly competitive amid cautious consumer spending and volatility in raw-material and supply-chain costs.

The group said it would continue to focus on stringent cost control and production efficiency to defend its profit margins and market share, while supporting overseas distributors to sustain volume growth amid cautious regional consumer sentiment.

Hup Seng shares closed unchanged at 79 sen on Tuesday, giving the group a market capitalisation of RM632 million. Year-to-date, the stock has fallen 28.18%.