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7-Eleven Malaysia’s FY18 net profit up 24% to RM51.31m

PETALING JAYA, 27 February 2019

7-Eleven Malaysia Holdings Bhd’s net profit for the financial year ended Dec 31, 2018 (FY18) rose 2.4% to RM51.31 million from RM50.11 million a year ago, driven by higher profit contribution from most product categories and higher marketing income.

In a filing with Bursa Malaysia, the group said its gross profit improved by 5.4% from a year ago mainly due to the revenue growth and gross profit margin expansion of 1.4% points. However, other operating income fell 68.9% year-on-year.

Revenue for the year rose 1.3% to RM2.22 billion from RM2.19 billion a year ago, underpinned by growth in new stores, improvement in same-store sales and consumer promotion activity.

For the fourth quarter ended Dec 31, 2018, 7-Eleven’s net profit fell 21.3% to RM12.49 million from RM15.86 million a year ago due to lower other operating income, despite higher revenue, gross margin improvement and higher marketing income.


Sumber: The Sun

Artikel Penuh: https://www.thesundaily.my/business/7-eleven-malaysia-s-fy18-net-profit-rises-2-4-to-rm51-31-million-JD599579

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