Caring records RM1.28m profit for Q4

PETALING JAYA: Caring Pharmacy Group Bhd achieved a net profit of RM1.28 million and revenue of RM88.64 million for its fourth quarter ended May 31, 2014 (Q4).
For the 12 months ended May 31, 2014 (FY14), it achieved a net profit of RM15.12 million and revenue of RM338.34 million.
Yesterday, the board of directors proposed a final single tier dividend of 1.5 sen per ordinary share in respect of FY14, subject to the shareholders' approval at the group's forthcoming AGM.
The entitlement date and date of payment in respect of the dividend will be determined and announced in due course.
In a filing with Bursa Malaysia yesterday, the group said that it expects the next financial year ending May 31, 2015 (FY15) to be challenging due to the cautious consumer sentiment and increasing costs of business operation.
"Even so, the group will maintain its strategy of opening additional community pharmacies at strategic locations to expand market share and be more aggressive in marketing activities to improve on same outlets' sales.
"Taking the above factors, the board is cautiously optimistic of the group's performance for the next financial year," it said.
In Q4, the group established an additional seven new outlets comprising four shopping complex outlets and three street outlets. As of May 31, 2014, it had a total of 99 community pharmacies.