For the third quarter ended 31 August, Zhulian Corporation’s earnings fell 73.8 percent to RM10.4 million, as revenue fell 53.9 percent to RM57.2 million.
According to the group, the decline in top line was attributable to a fall in both local and overseas market demands.
The firm noted that current outlook for the year remains challenging in the midst of stiff market competition and economic uncertainty, which are likely to dampen consumer spending.
Significance: Zhulian has declared a dividend of RM0.02 for the quarter, RM0.01 less than the dividend paid in the corresponding quarter a year earlier. The company shared that it would intensify marketing efforts to boost the productivity of distributors and develop new products and venture into new business segments.- Stocks In Focus MY, Shares Investment
