MR DIY Group (M) Bhd chief executive officer Adrian Ong.
KUALA LUMPUR: MR DIY Group (M) Bhd
said the positive economic indicators, the improving ringgit against major currencies and the influx of foreign investments are signs the group could look forward to improving customer sentiment, which in turn would fuel its growth.
In a statement, CEO Adrian Ong added that it is committed to keeping everyday household essentials affordable and accessible, and its strategy moving forward will be driven by meaningful collaborations with like-minded businesses.
During the second quarter ended June 30, 2024, MR DIY posted a net profit of RM155.21mil, up from RM150.32mil in the year-ago quarter.
The group reported revenue of RM1.2bil against RM1.1bil in the comparative quarter while earnings per share rose to 1.64 sen from 1.59 sen in 2QFY23.
Over the cumulative six months period, the group's net profit rose to RM300.09mil from RM278.09mil in 1HFY23, while revenue climbed to RM2.34bil from RM2.15bil in the same period in 2023.
The board of directors declared a dividend of 1.2 sen per share representing a dividend payout of RM113.4mil and a record 73.1% of profit after tax.
This brings the year-to-date payout to 2.2 sen per share, o 69.3% of profit after tax.
"We have been successful in our strategic efforts to steadily build a business that provides consistent and sustainable returns to shareholders, and our track record for dividend payouts since our listing in 2020 reflects this," said Ong.
