Zhulian posts two-fold bounce in quarterly internet revenue

PETALING JAYA: Zhulian Corp Bhd‘s internet revenue greater than doubled to RM26.15mil for the primary quarter ended Feb 28, 2022 (1Q22) from RM12.11mil within the corresponding quarter of the previous 12 months on features from disposal of a leasehold land in Indonesia.

It declared a primary interim dividend of three sen per share.

Throughout the quarter in overview, the corporate, which principally manufactures jewelery and client merchandise and sells them via a direct advertising and marketing community, posted income of RM34.57mil.

This represented a lower of 17% from the income of RM41.45mil in 1Q21 resulting from total weak client sentiment amid the extended Covid-19 pandemic.

Its earnings per share rose to five.21 sen for 1Q22 from 2.79 sen in 1Q21.

Commenting on its prospects for the remaining quarters of FY22, Zhulian stated its enterprise was intently linked to the sentiment of normal client market and the fluctuating international forex alternate.

The strengthening or weakening of the ringgit towards US greenback would have an effect on the group’s efficiency as its export income is transacted in US greenback.

“The group ensures its enterprise long-term survival by adapting to the fixed market demand change whereas it stays cautious on the financial affect brought on by extended Covid-19 pandemic.

“The group is dedicated to constantly bettering its enterprise operational effectivity and sustaining ample money flows in FY22,” it added.


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