Zhulian expects inflationary pressures to impact consumer spending

PETALING JAYA: Zhulian Corp Bhd expects its current financial year to remain challenging, amid inflationary pressures on consumers’ ability and willingness to spend, especially on premium-priced products.

In a filing with Bursa Malaysia, Zhulian said its net profit for the second quarter ended May 31, 2024 (2Q24) dipped to RM6.57mil from RM9.45mil in the previous corresponding period, while revenue in 2Q24 stood at RM33.28mil compared with RM33.43mil a year earlier. Basic earnings per share stood at 1.43 sen, compared with 2.05 sen previously.