It was not too long ago I did a deep dive into Mr D.I.Y. Group (M) Berhad (KLSE: MRDIY) (“Mr DIY”). The group had made a stellar debut on the Main Market of Bursa Malaysia, and was the largest listing on the Malaysian exchange in 2020, raising nearly RM1.5 billion from both institutional and retail investors.
Fast forward to today, Mr DIY has recently announced its best quarterly results to date, with revenue rising 62.9% to RM870.2 million and profit after tax (“PAT”) surging 113.5% to RM124.8 million for the quarter ended 31 March 2021 (“1Q 2021”), compared to the corresponding period in 2020 (“1Q2020”).
Here are six other interesting facts about the group’s latest earnings that investors should know about.
1. Resilient revenue performance despite challenging environment
The higher 1Q2021 results came on the back of higher average monthly sales per store attributable to the strong performance of its standalone stores,...