BUOYED by its strategic focus on the food and beverage (F&B) sector and expansion into related industries, Main Board-listed Oasis Harvest Corp Bhd (formerly Dolphin International Bhd) has returned to the black with a RM1.83 mil in net profit for its 4Q FY2024 ended Dec 31, 2024.
The came on the back of a 19.5% year-on-year (yoy) improvement in revenue to RM4.34 mil (4Q FY2023: RM3.63 mil) during the period under review.
“We are pleased to report a strong set of results that demonstrate our successful turnaround and validate our strategic direction,” commented Oasis Harvest’s executive director Ch’ng Eu Vern on the group’s latest financial performance.
“Our focus on delivering high-quality F&B offerings and expanding into related sectors has been instrumental in driving this positive performance.”
More broadly, Oasis Harvest’s turnaround was driven by stronger sales in its F&B segment, particularly during the festive season coupled with other income.
Moreover, the group’s flagship brands, namely Uncle Don’s and Verona, have continued to deliver solid performance, thus able to contribute to the overall growth.
Excluding one-off corporate exercise expenses, Oasis Harvest has demonstrated solid operational performance that reflected effective cost management and strategic execution. The group also generated positive cash flow from operating activities which further strengthened its financial position.
Following its recent sector re-classification under Bursa Malaysia’s Consumer Products & Services sector, the group is building a broader ecosystem of offerings that integrates its F&B operations with potential opportunities in the travel, leisure and hospitality sectors.
“Our strategy goes beyond just the F&B industry,” enthused Ch’ng. “We’re building a connected ecosystem that will create synergies and enhance value for our stakeholders.”
Moving forward, Oasis Harvest remains optimistic about its prospects with plans to refresh its product offerings, enhance customer experience and explore potential acquisitions of complementary brands.
Initiatives to implement cloud kitchen models and advanced customer relationship management systems are expected to further drive growth and efficiency.
“With a strong financial foundation and a clear strategic vision, we’re well-positioned to capitalise on market opportunities and able to deliver long-term value to our shareholders,” added Ch’ng.
At the close of today’s (March 5) trading, Oasis Harvest was unchanged at 18 sen with 45,600 shares traded, this valuing the company at RM27 mil. – March 5, 2025
