7-Eleven Malaysia revenue soars
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Listed comfort retailer operator 7-Eleven Malaysia says gross sales soared 23.7 per cent within the first quarter, previous to the April 1 introduction of GST.
And the corporate, in a press release to the inventory trade, expressed optimism in its instant prospects regardless of a common softening of the retail market because the implementation of GST.
“We’re assured concerning the future progress prospects for the remaining interval of the present monetary yr as we’re assured of holding onto our market main place whereas our new retailer enlargement plan stays on monitor.”
7-Eleven Malaysia reported a revenue of RM14.38 million (US$three.93 million). The expansion was attributed to gross sales progress, a 1.9 per cent enchancment in gross revenue margin and a 14.eight per cent progress in different working revenue.
Income for the quarter rose 11.5 per cent to RM504.99 million ($137.9 million), largely resulting from retailer community enlargement and an improved merchandise combine.
7-Eleven Malaysia now has greater than 1500 shops nationwide.
Questions & Answers
Q.What contributed to the revenue increase reported by 7-Eleven Malaysia for the quarter?
What contributed to the revenue increase reported by 7-Eleven Malaysia for the quarter?
The rise in revenue was mainly due to the expansion of its store network and an improved merchandise mix. This helped to boost overall sales for the company during the period.
Q.What profit did 7-Eleven Malaysia report for the first quarter?
What profit did 7-Eleven Malaysia report for the first quarter?
7-Eleven Malaysia reported a profit of RM14.38 million (US$3.93 million) for the quarter. This figure reflects the company's financial performance during that period.
Q.What is 7-Eleven Malaysia's outlook despite the general softening of the retail market?
What is 7-Eleven Malaysia's outlook despite the general softening of the retail market?
The company expressed optimism about its immediate prospects and future growth. It is confident in maintaining its market-leading position and keeping its new store expansion plan on track.
Q.How many stores does 7-Eleven Malaysia currently operate across the country?
How many stores does 7-Eleven Malaysia currently operate across the country?
7-Eleven Malaysia currently operates more than 1500 stores nationwide. The company attributes part of its growth to this expanded store network.
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