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5 Highlights From Padini’s Latest Earnings
By Value Invest Asia  •  October 15, 2021
Malaysia is gradually rolling back Covid-19 related curbs as it seeks to strike a balance between sustaining economic growth and reining in daily infections.  The easing of movement restrictions is certainly a reprieve for the fashion retail sector which reported a 37.9% drop in sales in 2020.     As a mass market fashion retailer, Padini Holdings Bhd (“Padini”) (KLSE:PADINI) is hopefully of a positive recovery.  Here are 5 highlights from the group’s latest earnings.  Rebound in quarterly revenue and profits Quarterly revenue expanded 20.5% to RM209.84 million in 4Q2021 from RM174.2 million in 4Q2020. Meanwhile, quarterly net profit surged by 170.3% to RM10.49 million from a quarterly net loss of RM16.84 million a year ago.  The improved performance is due to the comparative difference in closure periods.  Padini said its outlets were only closed from June 1 till June 30, 2021 with the implementation of the full movement control order...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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