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Malaysian home improvement retailer Mr DIY bounced back in the third quarter on stronger sales following a tepid first half that was affected by Covid-19 mitigation measures. Revenues in the quarter hit MYR 740 mio (Malaysian ringgit; EUR 152 mio), up 32 per cent from the same period last year, while profit reached MYR 113.5 mio (EUR 23 mio), an increase of 54 per cent - and accounting for half of Mr DIY's profits in the last nine months.
For January to September 2020, revenues rose 8 per cent to MYR 1.79 bn (EUR 368 mio), while profit inched up one per cent to MYR 228.9 mio (EUR 47 mio).
"We are delighted to report strong 3Q20 results, despite the challenges of the current operating environment. The Covid-19 pandemic has impacted lives in many ways, and perhaps most of all in consumer behaviour," Mr DIY CEO Adrian Ong said.
For January to September 2020, revenues rose 8 per cent to MYR 1.79 bn (EUR 368 mio), while profit inched up one per cent to MYR 228.9 mio (EUR 47 mio).
"We are delighted to report strong 3Q20 results, despite the challenges of the current operating environment. The Covid-19 pandemic has impacted lives in many ways, and perhaps most of all in consumer behaviour," Mr DIY CEO Adrian Ong said.
