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Padini's 3Q net profit rises to RM71.97mil on better profit margin

KUALA LUMPUR: Padini Holdings Bhd 's net profit improved to RM71.97 million in the third quarter ended March 31, 2025 (3Q FY2025) from RM40.52 million a year earlier, driven by an improvement in the gross profit margin. Revenue also advanced to RM626.81 million from RM575.37 million previously, according to the fashion company's stock exchange filing today. "Retail business in general remains challenging due to the deterioration of purchasing power arising potentially from the rising cost, trade tensions and rising inflation and interest rates. "Despite these potential challenges, we are optimistic that the group will perform satisfactorily for the current financial year,' it said. Padini said management will continue to provide value for money products and implement measures to control costs, optimise working capital, preserve cash and streamline the operations to minimise any adverse impacts. For the cumulative nine-month period, Padini posted a higher net profit of RM147.81 million compared with RM120.29 million in the previous year's corresponding period while revenue increased to RM1.55 billion from RM1.46 billion previously. The company today declared an interim dividend of 1.8 sen per share and a special dividend of 1.0 sen per share for FY2025, which will be payable in June 2025. - Bernama