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99 Speed Mart net profit jumps 22.5pc to RM490.26m in FY2024, eyes 3,000 outlets by 2025

Malay Mail LogoMalay Mail3h ago

99 Speed Mart net profit jumps 22.5pc to RM490.26m in FY2024, eyes 3,000 outlets by 2025 - Malay Mail

Quick Summary:

KUALA LUMPUR, Feb 24 — 99 Speed Mart Retail Holdings Bhd’s (99 Holdings) net profit increased by 22.5 per cent to RM490....

He added that with the proceeds from the IPO, 99 Holdings is well poised to accelerate its expansion and meet growing demand.

KUALA LUMPUR, Feb 24 — 99 Speed Mart Retail Holdings Bhd’s (99 Holdings) net profit increased by 22.5 per cent to RM490.26 million in the financial year ended December 31, 2024 (FY2024) against RM400.22 million in FY2023, in tandem with the higher revenue and other operating income.Revenue expanded by 8.3 per cent to RM9.98 billion against RM9.21 billion previously, the home-grown mini market chain retailer said in a filing with Bursa Malaysia today.


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99 Speed Mart net profit jumps 22.5pc to RM490.26m in FY2024, eyes 3,000 outlets by 2025 - Malay Mail (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 20:04:54 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 9 lines

Sentence Length: 47 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26374011

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 16 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

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