7-Eleven Malaysia Holdings Bhd announced that its achieved a pre-tax profit of RM45.663 million on the back of a turnover of RM839.975 million for the first quarter ending March 31, 2022 from a pre-tax profit of RM20.406 million on the back of a turnover of RM657.129 million previously.
In a Bursa Filing, it said that in January this year, Malaysia successfully transitioned into phase four (4) of the National Recovery Plan, where most economic sectors re-opened and social activities, including inter-state travel, were allowed.
It said that with further flexibility accorded for consumer-related activities and longer trading hours, the Group had for the current quarter, registered a total Revenue of RM840.0m, an increase of RM182.8m or +27.8% higher as compared to the previous year corresponding quarter.
The company said that the Convenience Stores segment recorded higher APSD and customer count for the current quarter, leading to a much-improved SSSG of +15.2%.
Additionally, we had in the current quarter, successfully rolled out fifteen (15) of our 7-Café store format, with encouraging preliminary results noted; said 7-Cafés being more productive, coupled with a higher fresh food sales participation as compared to a normal store.
