Senheng New Retail posts 21.2% jump in net profit in 9M21

KUALA LUMPUR: Main Market-bound Senheng New Retail Bhd posted a 21.2% jump in net profit to RM41.1mil in the nine months ended Sept 30, 2021, compared to RM28.1mil in the same period in 2020 as group revenue rose on higher sales.

In a statement, the consumer electrical and electronics retailer said revenue for the period was 12.2% to RM987.7mil from RM879.6mil in the same period previously as sales were driven higher by ongoing experiential retail store expansions and upgrades.