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Zhulian 1QFY13 up 5% on higher investment profit
by Cals Thu 18 Apr 2013, 08:34
Zhulian 1QFY13 up 5% on higher investment profit
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 17 April 2013 18:34
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Wednesday, April 17, 2013
KUALA LUMPUR (Apr 17): ZHULIAN CORPORATION BHD [] posted a tepid year-on-year sales growth in its first quarter ended February 28, 2013 (1QFY13).
However, the multi-level marketing and retail group’s earnings grew due to increase in the share of profit of equity accounted investee.
In a filing to Bursa Malaysia, Zhulian reported that its net earnings for 1QFY13 was RM29.75 million, up 4.76% from RM28.4 million in the previous corresponding period.
Revenue, however, was 2.82% lower at RM108.72 million against 1QFY12’s RM111.88 million.
Zhulian said the lower revenue was caused by a drop in its local market’s sales.
Apart from Malaysia, the group has sales operations in Thailand, Singapore and Indonesia.
Zhulian has declared a first interim dividend of three sen per share for 1QFY13, the same as the previous corresponding quarter. Its net assets per share, meanwhile, improved to 99.22 sen from 98.23 sen.
On its prospects, the group said it has targeted a positive revenue growth for this financial year.
“(Zhulian’s) board is of the opinion that its internal target is achievable based on the current market condition and current available information of local and overseas markets,” Zhulian wrote in the filing. However, the group did not disclose the target.
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 17 April 2013 18:34
A + / A - / Reset
Wednesday, April 17, 2013
KUALA LUMPUR (Apr 17): ZHULIAN CORPORATION BHD [] posted a tepid year-on-year sales growth in its first quarter ended February 28, 2013 (1QFY13).
However, the multi-level marketing and retail group’s earnings grew due to increase in the share of profit of equity accounted investee.
In a filing to Bursa Malaysia, Zhulian reported that its net earnings for 1QFY13 was RM29.75 million, up 4.76% from RM28.4 million in the previous corresponding period.
Revenue, however, was 2.82% lower at RM108.72 million against 1QFY12’s RM111.88 million.
Zhulian said the lower revenue was caused by a drop in its local market’s sales.
Apart from Malaysia, the group has sales operations in Thailand, Singapore and Indonesia.
Zhulian has declared a first interim dividend of three sen per share for 1QFY13, the same as the previous corresponding quarter. Its net assets per share, meanwhile, improved to 99.22 sen from 98.23 sen.
On its prospects, the group said it has targeted a positive revenue growth for this financial year.
“(Zhulian’s) board is of the opinion that its internal target is achievable based on the current market condition and current available information of local and overseas markets,” Zhulian wrote in the filing. However, the group did not disclose the target.
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