Suiwah reports 37.6pc rise in pre-tax profit in Q2

KUALA LUMPUR, Jan 30 – Suiwah Corp Bhd’s pre-tax profit increased 37.61 per cent to RM4.37 million in its second quarter ending Nov 30, 2011 from RM3.17 million in the same period last year.

Revenue for the period was marginally higher by 0.25 per cent to RM88.32 million from RM88.09 million in the same period  a year ago.

In a filing to Bursa Malaysia today, the group said it remained optimistic on growth prospects of the retail sector.

“Value growth in retail is expected to increase by the last quarter of the financial year driven by the opening of a new retail outlet in Bertam, Penang,” it said. – Bernama