Double Wealth Village (02321) released its interim performance for the six months ending June 30, 2024, during which the group achieved...
According to the announcement, the group achieved a profit of 0.0472 million Malaysian Ringgit for the six months ending June 30, 2024, a decrease of 2.07% compared to the same period last year; a net profit of 14.283 million Malaysian Ringgit, a decrease of 13.17% compared to the same period last year; and a basic earnings per share of 1.43 Malaysian Ringgit.
According to the announcement, the decrease in revenue was mainly due to a decrease in distribution income from its own brands, which amounted to approximately 7.3 million Malaysian Ringgit. The decrease in revenue from its own brands was mainly attributed to a decrease in dairy products and frozen food, amounting to approximately 4.9 million Malaysian Ringgit.