MR D.I.Y. Group Bhd’s net profit for the fourth quarter ended Dec 31, 2020 rose 19.1% to RM108.27 million compared with RM90.89 million in the same quarter of the previous year attributed to a higher revenue growth, despite a slightly lower gross profit margin.For the full financial year of 2020, the group posted a net profit of RM337.16 million, a 6.2% increase from RM317.57 million reported in the preceding financial year. Revenue for the year stood at RM2.56 billion, a 12.
According to its Bursa disclosure, the group is positive on its prospects despite the headwinds from the ongoing Covid-19 pandemic, premised on affordable prices, product variety and convenience from over 700 outlets nationwide, and its promise of “Always Low Prices”. As at Dec 31, 2020, the group had a total of 734 stores comprising 683 MR DIY, 37 MR TOY and 14 MR DOLLAR stores, up from the 579 MR DIY and 14 MR TOY stores as at the end of 2019. The group aims to open a further 175 stores across all brands in 2021.