InNature Berhad the franchise holder for popular FMCG brands like The Body Shop and Natura, announced a profit after tax of RM0.7 million on the back of RM22.3 million revenue in the 3 rd Quarter ad for the 9-month the Group registered revenue of RM88.2 million and PAT of RM7.3 million.
Commenting on the performance, Group Managing Director Datin Mina Cheah-Foong said, “We all thought that 2020 was the worst but our Group endured the hardest Covid-19 lockdown since March 2020 in 3Q2021, where most of our stores in Malaysia and Vietnam were physically shuttered for the large part of the reporting quarter. Our Cambodia market was also subjected to the resurgence in cases there. Overall, group revenue fell 46.5% year-on-year, with Malaysia, Vietnam and Cambodia recording lesser sales by 45.5%, 55.3% and 12.6% respectively in 3Q2021.”
She also added that the omnichannel capabilities allowed the group to continue sales via remote and mobile selling channels such as e-commerce, conversational commerce, and social selling. These channels contributed 63.5% to the group revenue. For 9M2021, the revenue of the group declined 20.2% year-on-year. Despite the protracted lockdown, the Group managed to remain profitable for the quarter through active cost management efforts as well as support from landlords and brand principals. The Group exited 3 underperforming locations in Malaysia during the reporting quarter, bringing the total store count of the Group to 119.
Its financial position currently stands at RM136.6 million in total equity. During the 9 months, the group generated net cash from operating activities of RM14.5 million and continued to maintain a healthy cash balance (including fixed deposits and fixed-income funds under Other Investments) of RM49.9 million.
Commenting on the Group’s outlook, Datin Mina said, “With the reopening of the economy in Malaysia, Vietnam, and Cambodia as well as year-end festivities around the corner, we expect an improving 4Q2021 performance quarter-on-quarter and a profitable FY2021.
