Padini makes lower profit margins in 2Q

by TMR

Padini Holdings Bhd’s net profit fell by 8.3% year-on- year (YoY) to RM49.97 million for its second quarter (2Q) ended Dec 31, 2017, as profit margins decreased in response to the challenging retail market environment.

In an exchange filing yesterday, the lifestyle retailer noted revenue grew by 7.9% YoY to RM460.43 million on increase in number of outlets opened.

The company declared a 2.5 sen dividend for the quarter.