99 Speed Mart 3Q numbers driven by outlet expansion


An additional 51 new outlets opened in 3Q24, bringing the total number of outlets to 2,697.

PETALING JAYA: Higher distribution centre fee income helped 99 Speed Mart Retail Holdings Bhd post a net profit of RM107.16mil for its third quarter ended Sept 30, 2024 (3Q24).

Its revenue for the quarter increased by 8.8% year-on-year (y-o-y) to RM2.55bil driven by the expansion of its outlet network which saw an additional 51 new outlets opened in 3Q24, bringing the total number of outlets to 2,697. Earnings per share (EPS) for the quarter was 1.28 sen.

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