Bursa Malaysia Stock Watch
DXN 2Q net profit up 33% on-yr to RM12.29m
kltrader
Publish date: Mon, 18 Oct 2010, 03:35 PM
kltrader
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KUALA LUMPUR: DXN HOLDINGS BHD []'s earnings rose 33.4% to RM12.29 million for the quarter ended Aug 31, 2010 compared with RM9.21 million a year ago, underpinned by higher margins from its multi-level marketing segment which benefited from cost efficiency.
It said on Monday, Oct 18 that revenue rose 13.5% to RM82.46 million vs RM72.68 million while earnings per share were 5.41 sen versus 4.0 sen. It declared dividend of 2.75 sen versus 1.0 sen a year ago.
"The increased in revenue was due to higher sales generated from the group overseas multi-level marketing segment and realisation of a sale of a piece of land sold to Tesco Stores (Malaysia) Sdn Bhd in its Stargate development site," it said.
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