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

  • 📰 staronline
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines