MR DIY's profit increased to over RM155 million
Following this performance, the group announced a dividend of 1.20 sen per share to its shareholders. -Trade News
13/08/2024 18:35 MYTH
MR DIY's profit increased to over RM155 million
Following this performance, the group announced a dividend of 1.20 sen per share to its shareholders. -Trade News
KUALA LUMPUR: MR DIY Group (M) Bhd recorded a net profit of RM155.21 million for the second quarter of its financial year ended June 30, an increase from RM150.32 million in the same period last year.
This was despite a marginal increase in revenue to RM1.2 billion, compared to the RM1.1 billion recorded in the same comparative period.
It increased its earnings per share to 1.64 sen, thus seeing the group's board of directors announce a dividend of 1.20 sen per share.
In a half-year comparison, the group's net profit increased to RM300.09 million from RM278.09 million in the 2023 half-year, while its revenue increased to RM2.34 billion from RM2.15 billion in the same period.
In a statement, its Chief Executive Officer, Adrian Ong said he expected the group's performance to be driven by a recovery in customer sentiment, driven by positive economic indicators, ringgit recovery and foreign direct investment.
"We have been successful in our strategic efforts to continue to build a business that provides consistent and sustainable returns to shareholders, and our track record through dividend payments since our listing in 2020 reflects this," he said.
