For the six months ended June 30, 7-Eleven Malaysia has reported its revenue grew 4.5% to RM1.03b (US$256m), with the gross profit improving by RM18.9m (US$4.7m), or 6.3%.
Strong results amid tough trading conditions
The group’s positive performance is driven by store expansion. At the period end, the group had a milestone of 2001 stores in Malaysia.
7-Eleven Malaysia has also achieved robust after tax profit, growing 40% in its second quarter compared with the same period last year. This was achieved in a tough market, in which the introduction of GST on April 1 last year dampened consumer FMCG spending.
“We remain confident that continuous store expansion, refurbishment, promotional activity, improved merchandise mix and expanded in-store services will continue to deliver positive results despite the challenging headwinds,” said the company’s CEO Gary Brown.
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