Record Corporate Earnings - PADINI and Public Bank
Two corporate earnings news worth noting, one in fashion retail and another banking industry. Other than Bonia, another local company in the fashion retail industry that make it to top spots: Padini’s net profit to grow at 9.4% three-year CAGR , 7 November 2011 For the financial year ended June 30, 2011, Padini posted a higher net profit of RM75.3 million against RM60.97 million in the previous year. http://www.thesundaily.my/news/201332 New stores to drive Padini’s earnings , 25 January 2012 Padini plans to open five stores next year comprising three concept outlets and two Brands outlets. The concept stores will be in Setia City Mall in Shah Alam, Paradigm in Kelana Jaya, and Jusco in Ipoh. The Setia City Mall and Paradigm will also have Brands stores. Currently, Padini has a total of 235 outlets. Chan said the company expects to spend RM15 million for the new stores, including the installation of IT systems. In the first quarter ended Sept 30, 2011, Padini's n