Market Mover | Supreme Rose by 32% on Its IPO Debut

Significantly, Supreme Consolidated Resources Berhad published its financial report for FY24Q4 on 21st November. The report revealed that the company's revenue for the quarter reached RM54.72 million, with a net profit of RM2.22 million and earnings per share (EPS) of 0.62  sen.

The company is primarily engaged in the distribution of a wide range of consumer products in Sarawak and Sabah, including third-party and proprietary brands. Their offerings encompass Frozen and Chilled Food Products like various frozen meats, seafood, vegetables, fruits, pastries, and dairy items, as well as Ambient Food and Beverage Products such as cream, milk, pasta, juices, bread, and condiments. In 2023, they expanded their portfolio to include Non-Food and Beverage Products, specifically cleaning and hygiene items like detergents and toothpaste, following the acquisition of Supreme Trading.

The funds raised, totaling RM17.50 million, will be allocated towards several key areas: expansion of warehouse facility, working capital and listing expenses.