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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , multi

   

Next In Business News

Vibrant semiconductor industry fortifies Malaysia's role as reliable regional partner - PM
Capital markets key to boosting SME financing, promoting innovation
SC aims to grow MSME, MTC capital market fundraising to RM40bil by 2028
Ringgit slips as Fed minutes weigh on demand
Hartalega to see sequential growth as glove demand picks up
SingTel annual profit more than halves on US$2.3bil impairment charge
South Korea extends rate pause, raises growth outlook
FBM KLCI opens lower as Fed minutes signal hawkish mood
Singapore Q1 GDP up 2.7% y/y, above market forecast
Trading ideas: TNB, Lagenda, Apollo, George Kent, Magma, Advancecon, Hong Seng, Pos, TSR, Sunway

Others Also Read