KUALA LUMPUR: Zhulian Corp Bhd
’s performance is closely linked to the overall consumer spending patterns and the fluctuating of foreign currency exchange.
“Strengthening or weakening of ringgit against the US dollar will have an impact on the group’s performance as all export revenue are transacted in US dollar,” the multi-level marketing company said in a filing with Bursa Malaysia.
Zhulian said it ensured its business sustainability by adapting to the constant market demand change wherever possible while it remains cautious on mounting inflationary pressures.
“The group is committed to managing its resources prudently and continuously improve its business operational efficiency,” it added.
In the second quarter ended May 31, Zhulian’s net profit fell 4.3% to RM9.4mil, or earnings per share of 2.05 sen from RM9.9mil, or 2.15 sen in the corresponding period last year.
Revenue for the quarter dipped 8.2% to RM33.4mil against RM36.4mil a year prior.
In the first six months to May 31, Zhulian posted a net profit of RM16.3mil on revenue of RM65.9mil.
The group declared a second interim dividend of 3 sen per ordinary share totaling RM13.8mil in respect of the financial year ending Nov 30, 2023. The payment date is on Sept 6, 2023.
