7-Eleven Malaysia 3Q net profit up 4%

7-Eleven Malaysia Holdings Bhd’s net profit rose 4.1% to RM16.76 million in the third quarter ended Sept 30, 2018 (3QFY18) from RM16.1 million a year ago, on increased revenue and improvement in gross margin by 0.7% points.

“The improvement in gross margin was attributed to higher gross profit margins across most categories,” said 7-Eleven Malaysia in a filing with Bursa Malaysia today.

This resulted in a higher earnings per share of 1.48 sen for 3QFY18, compared with 1.45 sen for 3QFY17.

Quarterly revenue increased by a marginal 1% to RM568.52 million from RM563.12 million a year ago, driven by the growth in new stores, higher average spend per customer and better consumer promotion activity.

For the cumulative nine months (9MFY18), the group posted a 13.3% increase in net profit to RM38.82 million from RM34.25 million a year ago, while revenue grew 1.3% to RM1.66 billion from RM1.64 billion in 9MFY17.


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