KUALA LUMPUR: CIMB Equities Research said 7-Eleven’s results for the nine months ended Sept 30, 2014 (9MFY14) came in below its forecast (68% of FY14 forecast) and consensus (70%).
It said on Monday the nine-month revenue increased by 12.9% due to a wider network and stronger same store sales growth, while net profit increased largely due to the higher other operating income.
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