Sunday 22 Dec 2024
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KUALA LUMPUR (April 18): 7-Eleven Malaysia Holdings Bhd, known for its extensive network of convenience stores, declared on Thursday an interim dividend of 2.7 sen per share for its financial year ended Dec 31, 2023 (FY2023), after posting a record high net profit.

The dividend, its sole payout for the year so far, will be paid on May 28, with ex-date set on May 13, according to the group’s filing with Bursa Malaysia. The group paid a total dividend of 5.4 sen for FY2022.

7-Eleven saw its net profit for FY2023 jump more than four-fold to RM276.23 million, from RM66.88 million in FY2022, boosted mainly by a divestment gain of RM207.5 million from the sale of its entire stake in 75%-owned Caring Pharmacy Group Bhd for RM675 million. Revenue for the year grew 12% to RM2.78 billion, from RM2.48 billion.

Moving into FY2024, 7-Eleven said focus will be on the expansion of its convenience store segment and its 7-Café store format, aimed at enhancing product offerings and in-store customer experience.

7-Eleven shares closed unchanged at RM1.99 on Thursday, giving it a market capitalisation of RM2.21 billion.

Read also:
Divestment gain of RM207 mil lifts 7-Eleven Malaysia to record high profit in 4Q

Edited ByTan Choe Choe
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