KLCCP Stapled Group’s 2Q profit rises on retail strength, declares 9.2 sen dividend
Segmentally, the retail division was the largest revenue contributor in the quarter with RM137.
Segmentally, the retail division was the largest revenue contributor in the quarter with RM137.
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
Lulu Group had six retail outlets in Malaysia, according to a press release in October 2022, when it opened a store in Johor Bahru.
NPI for the second quarter ended Dec 31, 2024 (2QFY2025) grew to RM21.
Distributive trade totalled RM149.
The Malaysia Retailers Association is strongly urging the government to reconsider the electricity tariff hike, scheduled to take effect from July 2025, and to hold immediate dialogues with stakeholders to address their concerns and explore alternative solutions.
The group operates its largest market in Malaysia with over 140 stores nationwide, where inflation concerns persist amid plans to cut subsidies for RON95 petrol from the middle of next year, following a similar implementation with diesel back in June.
With a budget of RM50 million, the four-acre retail park will offer shopping and dining experiences catering to both locals and tourists.
For the financial year ended Dec 31, 2022 (FY2023), the group recorded PBT of S$36.