• Malaysia stock market and companies daily report (August 31, 2015)

    - 7-Eleven Malaysia Holdings recorded a 52.7 percent decline in 2Q15 net profit to RM10.7 million, despite registering a 2.3 percent gain in revenue to RM482.3 million.

    - The poorer performance has been attributed to lower sales growth, due to the impact of the goods and services tax (GST) and weak consumer confidence, as well as higher selling and distribution expenses from new store expansion.

    - For the six-month period, top line expanded 6.8 percent to RM924.7 million while bottom line shrank 10.3 percent to RM25.1 million.

    Looking forward, the group expects the trading conditions for the remaining FY15 to stay challenging due to general softening in the domestic private consumption since GST implementation, but added that it was positive of holding on to its market leading position while its new store expansion plan remains on track.

    Contributed by Shares Investment
About us
StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.