Sorento Capital Berhad, a provider of bathroom and kitchen sanitary ware solutions, has announced a profit after tax of RM8.2m for the first quarter ending 30 September 2026. The company recorded a revenue of RM47.3m, marking a 7.3% increase from the previous year, driven by a 30.1% rise in project-based sales.
The company’s Managing Director, Loo Chai Lai, highlighted the strategic initiatives that have supported this growth, including the opening of the flagship “Sorento Concept” showroom in Johor Bahru and the launch of the premium ‘Sorento Serene’ series. These efforts aim to expand market reach and enhance product offerings, particularly in the higher-end bathroom solutions segment.
Sorento Capital’s gross profit rose by 3.0% to RM20.4m, with a gross profit margin of 43.1% and a profit after tax margin of 17.3%. The company also declared a second interim single-tier dividend of 0.5 sen per ordinary share, bringing the total dividends for FY27 to 1.0 sen per share.
Looking forward, the company sees potential growth opportunities in Johor, particularly with the upcoming Johor Bahru-Singapore Rapid Transit System Link, expected to commence in February 2027. Additionally, recent measures under Budget 2027, such as increased tax reliefs, may bolster consumer spending, although the impact on demand for sanitary ware remains uncertain.
Sorento Capital maintains a strong financial position with RM43.9m in cash and bank balances, exceeding total borrowings of RM3.5m, and continues to explore opportunities for long-term growth.
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