DXN Holdings Share Price Up After Posting Higher Net Profit For FY2025
KUALA LUMPUR, April 30 (Bernama) -- DXN Holdings Bhd’s share price rose in the morning trading session after it posted higher net profit for the financial year ended Feb 28, 2025 (FY2025).
At 10.09 am, the global health-oriented and wellness direct selling company’s share price was half-a-sen up to 51 sen, with 2.01 million shares changing hands.
DXN Holdings’ net profit for FY2025 rose to RM329.03 million compared to RM310.99 million previously while revenue increased 5.8 per cent to RM1.91 billion from RM1.80 billion previously, according to a filing with Bursa Malaysia.
In the fourth quarter (4Q) of FY2025, its net profit rose to RM84.72 million compared to RM79.02 million previously, while revenue decreased to RM458.90 million from RM470.64 million previously.
RHB Investment Bank Bhd said DXN Holdings’ FY2025 results met its expectations with solid growth in key markets and efficiency gains which more than offset the impact of unfavourable foreign exchange.
“Valuation is highly attractive considering the effective business model, Brazil’s expansion as a medium-term growth driver, and sturdy balance sheet to facilitate a generous dividend payout,” it said in a note today.
For outlook, it said DXN’s earnings growth will be supported by the relentless growth momentum in major markets.
“The core strategies of recruiting new members and enhancing their productivity levels will continue to revolve around member engagement, complemented by quality new product launches.
“Meanwhile, the recent capacity expansion should help capture the rising demand and roll out new product categories to broaden the addressable markets,” it said.
On top of that, it look forward to the results of the entry to Brazil, leveraging on DXN’s established existing network in the Latin American region.
-- BERNAMA
TAGS: DXN Holdings, share, price, net profit, revenue, corporate
ZFB ZFB CYC