MyNews Holdings Bhd has recorded a strong second-quarter performance, underpinned by its strategic expansion and stable gross profit margins. The convenience store operator reported a 31.6% increase in net profit for the three months ended 30 April 2025, reaching RM2.3 million, equivalent to 0.30 sen per share. This brings its cumulative net profit for the first half of the financial year to RM6.1 million, or 0.82 sen per share.
Revenue for the quarter stood at RM202.6 million, marking a 5.1% year-on-year increase. Total revenue for the six-month period rose to RM418.4 million.
The company attributes its growth to a sustained commitment to delivering quality food and services across its convenience store network, alongside the strength and visibility of its established brands.
MyNews affirmed that business expansion remains a key focus, with a notable increase in new store openings. Concurrently, the group observed a downward trend in active outlet closures, signalling continued operational stability and scalability.
-The Star
