KUCHING: Supreme Consolidated Resources Bhd’s wholly-owned subsidiary Supreme Cold Storage Sdn Bhd (SGSB) has completed the acquisition of land and building in Demak Laut Industrial Park here for RM5.6 million.
The land measures about 14,690 sq m with a detached factory cum double-storey office sitting on it.
The property was bought from Globalmas Sdn Bhd, which was involved in canning and supply of canned food.
The acquisition is in line with Supreme’s plans to construct a new warehousing and cold storage facility that will serve as an additional distribution centre for the group in Sarawak.
According to Supreme, the group’s current warehousing and cold storage facilities are operating at almost full capacity, resulting in the need to rent additional storage space occasionally to store products which increases expenses and reduces operational efficiency.
The new warehousing facilities will include a new warehousing area, cold storage facilities (such as freezer and chiller room to store frozen and chilled food), office, loading and unloading bay. The new facilities with an expanded total built-up area and pallet spaces (+1,500) will support the group’s plans to expand its product range to meet the demand of its customers.
Supreme has set aside RM11 million from the proceeds of its recent initial public offerings (IP0) to fund the project. The IPO was undertaken on the transfer of Supreme’s listing status to ACE Market from the LEAP Market.
In financial year ended September 30, 2015 (FY2025), Supreme posted lower group net profit of RM9.33 million on expanded revenue of RM231.9 million against RM10 million and RM226.9 million respectively in FY2024.Earnings per share fell to 2.2sen from 7.58sen due to share dilution because of the issuance of new shares during the IPO on ACE Market.
In FY2025, the frozen & chilled F&B segment recorded marginally higher sales of RM203.4 million (FY2024:RM203.3 million) whereas the ambient F&B segment sharply increased its revenue to RM28.5 million (RM23.5 million) and the non F&B segment posted lower sales of RM80,000 (RM148,000).
For the new FY2026, Supreme said it is optimistic about its outlook and prospects.
“The group will continue to explore new business opportunities by leveraging relationship with existing customers while actively engaging potential customers. In parallel, efforts will be focused on strengthening and expanding the group’s distribution network across the region to enhance market reach and accessibility.
“In line with evolving consumer demand, the group plans to broaden its product portfolio, introducing new offerings that cater to emerging market trends. Additionally, the group aims to enhance its agency portfolio by securing new agencies, thereby expanding its market presence and reinforcing brand visibility.
“To support growth initiatives, the group will invest in expanding warehouse capacity, ensuring that operational infrastructure can support the increasing demand so as to allow for efficient supply chain management,” added the company.
Meanwhile, Supreme’s executive chairman Dato Sri Richard Wee Liang Huat @ Richard Wee Liang Chiat has acquired an additional 470,000 company shares from November 28 to December 9, bringing his direct shareholdings to 2,768,000 shares (0.644%). He has indirect equity interest of about 147.26 million shares (34.247%) in the company.
Supreme finished at 22.5sen on Wednesday, with a market capitalisation of RM96.75 million.
