MYNEWS HOLDINGS NET PROFIT RISES TO RM8.24 MLN IN Q1
KUALA LUMPUR, March 22 (Bernama) -- Mynews Holdings Bhd’s net profit increased to RM8.24 million in the first quarter ended Jan 31, 2019 from RM6.34 million in the same period last year.
Revenue for the quarter strengthened to RM123.50 million from RM90.12 million a year earlier, principally contributed by the increase in the number of outlets and higher sales generated by existing outlets consequent to the continuous improvement of product offerings and store concept.
“The number of outlets rose to 439 as at Jan 31, 2019 from 366 in the corresponding quarter ended Jan 31, 2018,” said Mynews Holdings in a filing with Bursa Malaysia today.
Moving forward, the group said it remained optimistic of its business growth and sustainability, underpinned by the vast potentials that could be reaped from its upcoming food processing centre (FPC) and overall business transformation initiatives.
“The Maru Kafe brand concept and the introduction of more attractive product offerings as a prelude to the launching of the FPC have garnered positive response from the customers and it should augur well for the group,” it added.
-- BERNAMA
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