PETALING JAYA: DXN Holdings Bhd’s net profit edged up marginally by 0.6% to RM77.6 million in the first quarter ended May 31 from RM77.17 million in the corresponding quarter last year.
This was primarily due to continuing sales growth of fortified food and beverages in Latin America and India, as well as the depreciation of the ringgit against certain foreign currencies, it said in a filing with Bursa Malaysia today. “Despite the adverse economic impacts and social headwinds, the group was able to achieve the growth rate of 17.6% in revenue while maintaining a relatively consistent profit before tax margin and profit after tax and minority interest margin at 29.3% and 18.3% respectively.Moving forward, the group will cautiously focus on its growth strategies to expand into existing and new markets, optimise the capacity utilisation of its production facilities and launch new products.
It was previously listed in 2003 but was delisted in 2011 following a takeover and privatisation by its founder Lim Siow Jin, who is currently its executive chairman.