Caring Pharmacy doubles net profit in Q4

PETALING JAYA: Caring Pharmacy Group Bhd's net profit for the fourth quarter ended May 31, 2015 more than doubled to RM2.63 million from RM1.28 million a year ago, mainly contributed by higher revenue and other operating income.
It posted a 7.6% increase in revenue to RM95.41 million compared with RM88.64 million in the previous corresponding period, mainly contributed by the nine new outlets opened during financial year 2015, coupled with the revenue growth from existing outlets.
For the full year, its net profit fell 14.7% to RM12.87 million from RM15.08 million, while revenue jumped 8.4% to RM366.7 million compared with RM338.34 a year ago.
Barring unforeseen circumstances, the group remains cautiously optimistic of its performance for next financial year.
"The board of directors has proposed a final dividend of 2 sen per ordinary share, tax exempt under single-tier system in respect of the financial year ended May 31, 2015 to the shareholders of the company subject to the shareholders' approval at the forthcoming AGM," said Caring in a filing with the stock exchange yesterday.