SEDANIA Innovator Berhad (“SEDANIA” or the “Group”) is  pleased to report its financial results for the Fifth Quarter (“5Q24”) of its financial year ending 30  June 2024 (“FY2024”) to Bursa Malaysia today, marking a quarter of transformation as it gears  for accelerated growth in the coming months.

For the cumulative period of 15M24 (ie. covering the period from 1 January 2023 until 31 March  2024), the Group reported a profit before tax of RM3.6 million and profit after tax and minority  interest of RM2.0 million. 

Commenting on the prospects for the coming quarter, SEDANIA Founder and Managing Director  Datuk Azrin Mohd Noor said, "SEDANIA Innovator Berhad is poised for significant growth in the  coming months, as we continue to implement our strategic initiatives which will transform our  business model that is grounded in sustainability and under the abled leadership of our new Group  CEO, Mr Ng Hock Guan. 

The Group, had on 1 April 2024, announced the appointment of Ng as the new Group CEO,  succeeding Mr Daniel Bernd Ruppert. Ng brings to SEDANIA an extensive background in  skincare and personal care in the consumer FMCG industry with successful stints in global  multinational companies counted among the world’s leading healthcare and pharmaceutical  companies.  

His experience is complemented by a deep understanding of markets in Malaysia, Singapore, the  ASEAN cluster, and China, along with an entrepreneurial mindset and a keen ability in analytical  thinking and strategic planning. 

“We are confident that Ng’s leadership will usher in a new era of growth and innovation for  SEDANIA. His impressive track record and forward-thinking approach are in perfect alignment  with our goals to uplift the well-being of families and ensure environmental sustainability."

Added Datuk Azrin, “Our Sustainable Healthcare segment, operating under the Offspring and  Tanamera brands, is set for further expansion into high-density and affluent markets, underscored  by proactive efforts in enhancing our product reach and customer engagement.  

“Worth noting, one of the key developments following the Tanamera Group acquisition in  November 2023 was the strategic positioning of the Tanamera brand (operating under Tanamera  Tropical Spa Sdn Bhd) as a distinct brand entity that owns a complementary line-up of premium  mother care products to our existing Offspring baby care brand.  

“With this move, we are able to capture a larger share of household wallets through our expanded range of wellness products that not only cuts across the essential needs of babies, but also  mothers. This allows us to synergise our product offerings and points of sale, strengthen our  unique selling proposition for discerning consumers, and ultimately improve our margins. 

“Concurrently, the Tanamera acquisition also delivered newfound capacity in in-house product  formulation, design, and contract manufacturing of skincare, spa, baby and mother care, and  health supplements under FA Herbs Sdn Bhd.  

“Leveraging the individual strengths of Tanamera Tropical Spa and FA Herbs profoundly  enhances our ability to capture greater value in both the upstream and downstream sectors  simultaneously.  

“In parallel, our FinTech segment, under our wholly owned subsidiary SEDANIA As Salam  Capital, aims to grow its portfolio of Shariah-compliant digital solutions such as JOMHIBAH for  financial services institutions. Additionally, our associate company Wasiyyah Shoppe Berhad deepens its hibah solutions in the retail market. 

“We remain cautiously optimistic and dedicated to achieving positive financial outcomes through  strategic plans and rigorous risk assessment in increasing our brand visibility in key markets. Our  commitment to sustainability drives us to create a better tomorrow for our environment and our  communities, underscoring the value of our family-centric products and services." 

SEDANIA Chairman Tan Sri Abdul Halim Ali said, "As we navigate through a dynamic and ever evolving economic landscape, SEDANIA Innovator Berhad remains steadfast in our commitment  to fostering growth across all our business segments.  

“Our strategic focus for the remaining quarter in FY2023 is designed to leverage our strengths in  Sustainable Healthcare and FinTech, and sustainable energy, as we onboarded Tanamera in  end-2023 and the anticipation of new products and services that we will introduce to the market in the coming months.  

“The transformative period following our change of financial year allows us to improve operational  efficiencies and adopt a data-driven business model. This, in turn, enables better cost and margin management, ensuring greater financial prudence.  

“We are confident that by increasing our market presence and expanding our service offerings,  we will continue to deliver value to our stakeholders, especially our loyal customers.”

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