99 Speed Mart reports higher 2Q24 revenue

PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd has reported a revenue of RM2.4bil for the second quarter ended June 31, 2024 (2Q24), reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase due to higher sales from new outlets and positive impact of its bulk sales eCommerce platform.

In a statement, the country’s largest home-grown mini market chain retailer said total transactions also rose by 12.9% to 113.8 million y-o-y, partially offset by a lower average basket size, which reduced by 4.2% to RM21.30.