Multi Sports profit down on lower margins


Maybank Investment is revising PetChem 2013 earning forecast by 3.8% to take into account the strong first quarter 2013 results. – AFP

PETALING JAYA: Multi Sports Holdings Ltd reported a net profit of RM7.37mil for the first quarter ended March 31, 56% lower than the net profit of RM16.92mil reported in the same period a year earlier on lower gross margins.

The Chinese shoe maker’s revenue stood at RM72.77mil against RM96.23mil for the period.

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