MR DIY profit soars, declares 0.73 sen dividend

MR DIY's chief executive officer Adrian Ong (pic) said: “We are delighted to report strong Q3’20 results despite the challenges of the current operating environment. The Covid-19 pandemic has impacted lives in many ways, and perhaps most of all in consumer behaviour.

PETALING JAYA: Newly listed MR DIY Group (M) Bhd posted a 54% jump in net profit to RM113.45mil in the third quarter (Q3) ended Sept 30,2020, compared to RM73.62mil a year earlier thanks to higher sales.

For the quarter under review, the home improvement retailer recorded a 32% surge in revenue to RM740.2mil from RM561.72mil in the corresponding quarter last year.The company declared an interim dividend of 0.73 sen per share.