Compounded annual growth rate of 40% for Tomei

Tomei's pre-tax profit experienced a five-year compounded annual growth rate of 40.4% to RM44.0mil in FY21 from RM8.1mil in FY16.

PETALING JAYA: Tomei Consolidated Bhd’s decision to reduce its number of outlets allows it to focus better on performing stores that leads to better profitability.The jewellery manufacturer has cut its stores from 60 in the financial year 2016 (FY16) to 57 currently.

Its pre-tax profit experienced a five-year compounded annual growth rate of 40.4% to RM44.0mil in FY21 from RM8.1mil in FY16.