Kuala lumpur: Herbal health product manufacturer and marketeer DXN Holdings Bhd aims to expand its product portfolio with a new line of ready-to-eat (RTE) and ready-to-cook (RTC) food products, as part of an aggressive push into international markets. Founder and executive chairman Datuk Lim Siow Jin announced that the company is in the final phase of developing a central kitchen facility to drive production of RTE and RTC products.
According to BERNAMA News Agency, the latest freezing technology enables processed products such as sushi- and sashimi-grade fish to last up to 18 months, opening up export opportunities globally. Datuk Lim highlighted that the new products, including fresh seafood processed directly from DXN’s hatchery in Pulau Tuba, Kedah, are expected to replicate the success of DXN’s coffee products, which have become top revenue contributors for the company. He expressed confidence that daily RTE and RTC food products could surpass the achievements of their coffee line, with DXN currently distributing products through a network of over 20 million members in 54 countries.
Meanwhile, DXN’s chief operating officer Abdul Hafiz Mahmood Hisham stated that the company is optimistic about distributing more than 50 percent of its net profit as dividends this year, aligning with its minimum payout ratio policy. For the financial year ended February 28, DXN distributed 56 percent of its net profit as dividends, amounting to approximately RM362 million since its relisting on Bursa Malaysia’s Main Market on May 19, 2023.
On January 27, DXN’s board declared a third interim dividend of 1.00 sen per ordinary share, totaling RM49.72 million for the financial year ending February 28, 2025. For the full year, the company’s net profit rose 5.8 percent to RM329.03 million from RM310.99 million in the FY2024, while revenue increased 5.84 percent to RM1.91 billion from RM1.80 billion. This revenue growth was driven by strong sales performance in key markets such as Peru, Bolivia, the Middle East, and Trkiye, supported by targeted marketing strategies that successfully maintained member engagement throughout the year.