Higher sales and tighter cost control triple profit for SOS

HIGHER sales, stronger margins, and tighter control of operating expenses helped Stationery & Office Supplies Limited (SOS) to more than triple its net profit in the second quarter of 2026 as the company continued to strengthen its financial performance. For the three months ended June 30, 2026, the company’s net profit rose to $62.8 million, up from $19.8 million in the corresponding period last year, representing an increase of 217 per cent. The sharp improvement comes against the backdrop of a 5 per cent growth in revenue which climbed to $469 million from $448 million. Gross profit after increasing some nine per cent amounted to $270 million as margins improved 57.6 per cent when compared to the same period last year. Similarly, operating expenses also fell by approximately nine per cent to $211 million from $231 million. “The combination of increased revenue, improved margins, and lower operating costs drove pre-tax profit to $71.7 million, compared with $23 million in the second quarter of 2025, an increase of 210 per cent,” the company’s directors said. “The results point to improved operational efficiency and stronger profitability, with SOS generating significantly more profit from a relatively modest increase in sales,” they further said...
2026-08-21 05:04:04