MR DIY on the up and up

Rising confidence: Ong remains confident that MR DIY is not only set to grow even more, but is in a solid position to stave off competition.

MR DIY Group (M) Bhd’s solid share performance since its listing two weeks ago seems to have proven its detractors wrong, at least for now.

On Thursday, the home improvement retailer posted a massive 54% jump in its net profit to RM113.45mil in the third quarter (Q3) ended Sept 30,2020, compared to RM73.62mil a year earlier.