Sorento Capital Reports US$11.1 Million Revenue in 2Q25, up 10.34% from 1Q25
MALAYSIA: Bathroom and kitchen sanitary ware provider Sorento Capital recorded a revenue of US$11.1 million for the second quarter ended December 31, 2024 (2Q25), marking a 10.34% increase from US$10 million in the first quarter (1Q25). The company has proposed an interim single-tier tax-exempt dividend of 0.5 Sen (US$ 0.00041361) per ordinary share for the financial year ending June 30, 2025, payable on March 21, 2025. The revenue growth was primarily driven by sales to dealers, which accounted for US$7.4million or 67.09% of the company’s total revenue, while project-based sales contributed US$ 3.5 million or 32.21%.
Sorento Capital’s Managing Director, Loo Chai Lai, highlighted the company’s strong brand positioning in the property sector, stating it is well-equipped to meet rising demand for premium bathroom and kitchen sanitary ware at competitive prices. Looking ahead, Loo emphasized plans to expand the company’s distribution network by adding approximately 200 new dealers over the next three years.
Source: Sorento Capital