Farm Fresh Berhad announced its financial results for the first quarter recording its highest ever quarterly revenue, and profit before tax. Revenue increased to RM241.7 million, an increase of 30.3% over the preceding year's corresponding quarter. Farm Fresh also registered significant improvements in its profitability with a 383.0% leap in profit before tax to RM28.3 million, 372.6% increase in profit after tax to RM26.5 million and 308.0% growth in profit after tax and minority interest ("PATAMI") to RM26.0 million.
As compared to the preceding quarter, the Group also managed to deliver commendable growth, registering a 12.4% increase in revenue from RM215.0 million in Q4FY2024 which translated to a 14.1% increase in PBT, 10.4% increase in PAT and 8.6% leap in PATAMI.
The positive growth trajectory achieved it said, was largely attributed to the higher revenue recognised in its Malaysian operations underpinned by higher sales contribution from its new products, higher hotel, restaurant, and café sales along with the full-quarterly contribution from its ice cream division under Inside Scoop and Sin Wah.
Meanwhile, the group said the Australian operations has turned around by recording higher revenue and generating an operating profit for the quarter, driven by the higher external sales from Goulburn Valley Creamery Pty Ltd.