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05 Nov 2025
MeGroup Ltd. Issues Profit Warning for 1H FY2026 as Manufacturing and Dealership Revenues Decline
Link: https://links.sgx.com/1.0.0/corporate-announcements/JGH0JPPYLFRS2DBG/1a7985d2c4c5b3d6de5286803dc9b6fac840bae12d0c25e14952fd97f6c89a34
Summay:
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Net profit for six months ended 30 September 2025 expected to fall, with manufacturing revenue down due to fewer sales orders and project delays.
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Dealership business also saw lower automobile sales, impacted by the pending Malaysian petrol subsidy policy and extended Hari Raya holidays.
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Selling and distribution expenses increased in an effort to support dealership performance amid revenue headwinds.
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Final financial results will be released by November 14, 2025.
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Board urges shareholders to exercise caution until further details are announced.