MR D.I.Y Group (M) Bhd’s net profit rose 24.3 per cent to RM134.55 million in the fourth quarter (Q4) ended December 31, 2021, from RM108.26 million a year ago.
Revenue rose 26.9 per cent to RM975.4 million from RM768.3 million in the corresponding period in 2020.
MR D.I.Y has declared a quarterly interim dividend of approximately RM56.5 million for Q4 2021, which is equivalent to a payout ratio of 42 per cent.
This represents a total cumulative dividend of RM185.2 million for FY21 and reflects the continued strong financial position of the company.
For the year ended December 31, 2021 (FY21), MR D.I.Y. registered cumulative revenue and net profit of RM3.4 billion and RM431.8 million, up 32 per cent and 28 per cent respectively compared to FY20.
Chief executive officer Adrian Ong said the company remains committed to delivering long-term sustainable growth.
Ong said this will be driven by the inherent strength of the business, an effective strategy of managing new store growth, improving operating efficiencies and most importantly, staying relevant to its customers.
“Our target for 2022 is to open 180 stores across the four brands, bringing the total number of stores to approximately 1,100,” he said. – NST ONLINE
