Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
PETALING JAYA: Homeritz Corp Bhd's net profit fell 24% to RM5.13mil in the fourth quarter ended Aug 31, 2025 (4Q25) compared with RM6.8mil posted in the same quarter a year ago.
Since the beginning of the year, local market sentiment has been lacklustre, with the benchmark FBM KLCI dropping 7.49% — one of the underperformers in the region. Net selling of shares on Bursa Malaysia by foreign funds amounted to RM12.61 billion during this period.
Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit fell 31.36% in the second quarter from a year earlier, mainly due to losses of RM3.57 million arising from a fire incident.
Furniture manufacturer Homeritz Corp Bhd is well-positioned to benefit from the recent strong US dollar, while further US interest rate cuts could boost housing and furniture demand going forward, says Hong Leong Investment Bank Research (HLIB Research).
Upholstery furniture manufacturer Homeritz Corp Bhd (KL:HOMERIZ) said on Friday that the fire at one of its production facilities in Muar, Johor, has been confirmed to result in an estimated loss of RM3 million, and will be recognised in the company’s financial results for the quarter ending Feb 28, 2025 (2QFY2025).
Upholstery furniture manufacturer Homeritz Corp Bhd (KL:HOMERIZ) has reported a fire incident at one of its production facilities in Muar, Johor, with the financial impact of the incident still under evaluation.