KUALA LUMPUR: SSF Home Group Bhd is well-positioned to leverage rising consumer power, supported by EPF Account 3 withdrawals, through enhanced consumer engagement and market adaptation efforts, according to executive director Loh Kok Khong.
“We are navigating through a period of dynamic growth and strategic expansion, capitalising on Malaysia’s robust economic environment and vibrant retail sector.
“With our ongoing efforts in enhancing consumer engagement and our proactive adaptation to market demands, SSF is well-positioned to harness the potential of the rising consumer power bolstered by the flexibility of EPF Account 3 withdrawals. I am optimistic that these strategies will significantly propel our growth and strengthen our market presence in the future,” Loh said in a statement.
The retailer in furniture, home décor, and home living products posted a net profit of RM6.2mil in the fourth quarter ended April 30, marking a significant improvement of 212.6% from RM2mil in the immediate preceding quarter (3Q24).
Its revenue stood at RM50.56mil for the quarter, up 34.1% from RM37.7mil in 3Q24, driven by heightened sales activities during key seasonal periods such as Chinese New Year and Hari Raya Aidilfitri.
For the full financial year ended April 30, SSF posted a net profit of RM7.2mil on revenue of RM158.9mil.
This interim financial report for 4Q24, is being announced in compliance with Bursa Malaysia’s ACE Market Listing Requirements. No comparative figures are available for the preceding corresponding period as no interim financial report was prepared then.