MyNews sees higher profit on strong sales

RHB Research said the consolidation of MyNews and the group’s CU Mart’s supply procurement has strengthened the group’s bargaining power with suppliers.

PETALING JAYA: MyNews Holdings Bhd is poised to record a stronger net profit of RM5mil to RM6mil quarter-on-quarter in the first quarter of financial year 2025 (1Q25), driven by continued recovery across all its business units.

This will be supported by margin expansion from year-end supplier rebates and higher sales during the festive period, as well as extended school holidays.