MR DIY's margin recovery, new store openings to bolster earnings momentum

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The home improvement retailer recorded a net profit of RM128mil in the first quarter of the year, a 27% improvement on a year-on-year basis.

The home improvement retailer said yesterday it recorded a net profit of RM128mil in the first quarter of the year, which was a 27% improvement on a year-on-year basis.

The group also saw gross profit margin expanding 5.1ppts to 44.3% due to the price hikes implemented last year and cost savings from lower freight rates.

 

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