KUALA LUMPUR: Innature Bhd
’s net profit rose marginally to RM7.76mil in the fourth quarter ended Dec 31, 2021 (4Q21) from RM7.71mil a yr in the past.
The retailer of cosmetics and private care merchandise recorded a 2.6% year-on-year decline in 4Q21 income to RM43.68mil from RM44.84mil because of the muted contribution from its abroad companies.
“While Malaysia saw improving revenue by 2.4% amid economy reopening and year-end festivities, Vietnam remained impacted by Covid-19, with the country’s daily number of confirmed cases at the end of the reporting quarter continuing to swiftly trend upwards,” group managing director Datin Mina Cheah-Foong mentioned in an announcement.
The decrease income in 4Q21 in Cambodia was primarily on account of cautious client sentiment given the evolving Covid-19 scenario.
“Our remote selling channels such as e-commerce, conversational commerce and social selling continue to contribute a significant portion to the group revenue post-lock down. These channels made up 14.2% of the group revenue in 4Q21 (8.8% for 4Q2020),” she added.
During the reporting quarter, InNature exited two underperforming areas in Malaysia and opened its thirty ninth retailer in Vietnam, bringing the overall retailer rely to 118 as at Dec 31, 2021.
For the complete monetary yr ended Dec 31, 2021 (FY21), the group’s net profit declined 25.5% to RM15.02mil towards RM20.18mil beforehand.
Revenue for the interval fell 15.1% year-on-year to RM131.9mil, with companies in Malaysia, Vietnam and Cambodia every recording lesser income by 14.8%, 17.7% and a couple of.2% respectively.
The group’s distant promoting channels mitigated the impact of Covid-19
lockdown in FY21 with income contribution growing by 2.6 occasions to twenty-eight.6%.
InNature declared a ultimate dividend of 1.5 sen per atypical share for FY21. The entitlement date is on March 17 and payable on March 31, 2022.
Including the interim dividend of 0.5 sen per atypical share paid on June 15, 2021, complete dividend declared for FY21 can be RM14.1mil, representing 94.0% of the group’s profit after tax.
Commenting on its outlook, Cheah-Foong mentioned, “We expect an improving year-on-year performance in FY2022 as long as businesses are allowed to operate unfettered.
“We continue to invest in enhancing our systems and processes supporting both our physical and remote selling channels. Physical store locations remain a key contributor, hence we will ensure our brands are represented at all key locations.”
