Senheng New Retail Bhd enroute to listing on Bursa Malaysia posted a net profit of RM10.69 million for the third quarter ended Sept 30, 2021 (3QFY21) from RM13.74 million a year earlier.
Its Revenues slipped to RM313.811 million from RM322.066 million for the same period earlier.
For the nine months ended Sept 30, 2021, its net profit increased by 21.22% to RM34.05 million, compared with RM28.09 million a year earlier, on the back of higher revenue, gross profit and other operating income. Nine-month revenue rose 12.29% to RM987.72 million from RM879.6 million.
Looking ahead, Senheng said it is optimistic about its prospects in view of the systematic reopening of economic sectors from August 2021.
It said that it intends to continue with its ongoing business strategy to enrich in-store customer experience and provide customers with a wholesome retail experience by opening new and upgrading its chain of retail stores into larger and more appealing formats.
