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 net profit rose 47% to RM27 million from RM18.35 million a year earlier driven by the Hari Raya Aidilfitri and Merdeka Day sales. Revenue advanced 30% to RM178 million from RM136.6 million.
http://www.thesundaily.my/news/276474
Related: Fashion retail and real estates
While Public Bank Posts RM3.05b Net Profit for FY10, Q4 net profit for FY11 up 3.6% on improved performance from Islamic banking.
Record earnings for Public Bank, January 31, 2012
Public Bank Bhd posted a 3.6% year-on-year increase in net profit to RM877mil for its fourth quarter ended Dec 31, 2011, and cited the improved performance as mainly due to higher net interest and net income from its Islamic banking business.
http://biz.thestar.com.my/news/story.asp?file=/2012/1/31/business/10567324&sec=business
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 net profit rose 47% to RM27 million from RM18.35 million a year earlier driven by the Hari Raya Aidilfitri and Merdeka Day sales. Revenue advanced 30% to RM178 million from RM136.6 million.
http://www.thesundaily.my/news/276474
Related: Fashion retail and real estates
While Public Bank Posts RM3.05b Net Profit for FY10, Q4 net profit for FY11 up 3.6% on improved performance from Islamic banking.
Record earnings for Public Bank, January 31, 2012
Public Bank Bhd posted a 3.6% year-on-year increase in net profit to RM877mil for its fourth quarter ended Dec 31, 2011, and cited the improved performance as mainly due to higher net interest and net income from its Islamic banking business.
http://biz.thestar.com.my/news/story.asp?file=/2012/1/31/business/10567324&sec=business
