KUCHING: In yet another initiative to promote digitalisation among small and medium enterprises (SMEs), SME Corp Malaysia and Huawei Technologies (M) Sdn Bhd yesterday announced a whitepaper on the current state of digitalisation in Malaysian SME sector. Titled ‘Accelerating Malaysian Digital SMEs: Escaping the Computerisation Trap’, the whitepaper highlights challenges being faced by SMEs in […]
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PETALING JAYA: Berjaya Food Bhd’s second quarter net profit ended Oct 31 was 21.0% higher due to higher profit contributions from Starbucks Coffee operations in tandem with the higher revenue achieved.
In addition, the group had ceased consolidation of the losses from its Kenny Rogers Roasters (KRR) operations in Indonesia following its disposal in the previous financial year.
The group made a net profit of RM7 million for the quarter under review, compared with RM5.8 million for the corresponding quarter in the preceding year.
This was on 35.9% higher revenue of RM166.6 million, compared with RM160.8 million for the corresponding quarter in 2017 mainly due to the same-store-sales growth recorded by Starbucks as well as additional Starbucks cafes operating in Malaysia.
The board has recommended a second interim dividend of one sen per share in respect of the financial year ending April 30, 2019 to be payable on Jan 25, 2019. The entitlement date has been fixed on Jan 9, 2019. Total dividend declared for the financial period ended Oct 31 amounts to two sen per share.
The group is engaged in developing and operating the Starbucks Coffee brand in Malaysia and Brunei, developing and operating the KRR chain in Malaysia as well as Jollibean and two other brands in Singapore.
The key factors that affect the performance of all food and beverage businesses include mainly the festive seasons, tourism, eating out culture, raw material costs, among others.
The board believes that the renewed consumer confidence level, coupled with the group’s expansion plans, will fuel the group’s business growth and should augur well for the group’s operations going forward.
For the cumulative six month period ended Oct 31, the group posted a net profit of RM13.3 million, compared with RM11.2 million for the same period in 2017.
This was on 4.1% higher revenue of RM328 million, compared with RM315.2 million for the same period in 2017.
KUALA LUMPUR, Dec 5 — QSR Brands (M) Holdings Bhd (QSR), the operator of KFC restaurants, aims to achieve a five per cent sales growth in 2019, to be generated from new stores and partnerships. Managing Director Datuk Seri Mohamed Azahari Kamil…
MRCA projects 4.9% retail sales growth for 2018
KUALA LUMPUR: The Malaysia Retail Chain Association (MRCA) expects retail sales growth to come in at 4.9% for 2018, in line with the country’s gross domestic product growth.
MRCA, in releasing its first quarterly retail sales survey for the third quarter here this morning, said retail sales growth is projected to grow 6.1% year-on-year in the fourth quarter this year as year-end school holidays and the festive season are expected to bolster consumer spending.
It said retail sales grew 5.7% year-on-year in the third quarter with the tax holiday between June and August that had encouraged consumers to spend.
In the second quarter, retail sales grew at a slower rate of 2.1% year-on-year, affected mainly by the general election in May, where consumers held back on spending due to economic uncertainty.
Retail sales grew 5.7% year-on-year in the first quarter due to Chinese New Year sales and promotions.
KUALA LUMPUR, Nov 27 — The Malaysia Retail Chain Association (MRCA) expects retail sales to grow by 5 per cent in 2019 in line with nation’s gross domestic product (GDP) growth. MRCA president Datuk Seri Garry Chua said for 2018, the retail…
PINGDINGSHAN, Nov 26 — When Cao Jun, 40, an engineer from the central Chinese city of Pingdingshan, takes his old, grey MG 3 car to be serviced he always steals a few moments to pop into the Nissan and Honda dealerships next door. But the Civic…
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