September 26, 2016 6:46 PM ET

Food and Staples Retailing

Company Overview of 7-Eleven Malaysia Holdings Berhad

Company Overview

7-Eleven Malaysia Holdings Berhad, an investment holding company, owns, operates, and franchises a chain of convenience stores under the 7-Eleven brand name in Malaysia. The company operates through Convenience Stores and Others segments. Its stores offer a range of grocery and food items, including various chicken items with rice, macaroni and cheese, garden salads, noodles, soft drinks, frozen and hot beverages, chocolate oatmeal, chocolate chips, cranberry oatmeal cookies, blueberry/strawberry/pineapple shortbreads, and fresh bananas. The company also provides bill payment services, mobile phone reload cards, IDD/STD, Touch N Go reload, Internet games' starter packs, reloads via MOL Point...

Plaza Berjaya

Podium Block

Level 3A

12, Jalan Imbi

Kuala Lumpur,  55100

Malaysia

Founded in 1927

Phone:

60 3 2142 1136

Fax:

60 3 2142 0318

Key Executives for 7-Eleven Malaysia Holdings Berhad

7-Eleven Malaysia Holdings Berhad does not have any Key Executives recorded.

7-Eleven Malaysia Holdings Berhad Key Developments

7-Eleven Malaysia Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Property, Plant and Equipment Written Off for the Second Quarter Ended June 30, 2016

7-Eleven Malaysia Holdings Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, revenue was MYR 505,698,000 against MYR 482,321,000 a year ago. Profit from operations was MYR 21,692,000 against MYR 15,274,000 a year ago. Profit before tax was MYR 20,979,000 against MYR 15,186,000 a year ago. Profit attributable to owners of the company was MYR 15,072,000 against MYR 10,742,000 a year ago. Basic and diluted earnings per ordinary share were 1.27 sen against 0.87 sen a year ago. The growth in revenue continued to be driven by the growth in new stores, improved merchandise mix and consumer promotion activity. This growth was achieved despite prolonged on-going retail market negativity caused by weak consumer confidence/spending coupled with low sales momentum in the month of June from commencement of Ramadan fasting two weeks earlier in this current year. For six months, revenue was MYR 1,031,951,000 against MYR 987,312,000 a year ago. Profit from operations was MYR 44,196,000 against MYR 35,681,000 a year ago. Profit before tax was MYR 43,273,000 against MYR 35,475,000 a year ago. Profit attributable to owners of the company was MYR 31,003,000 against MYR 25,122,000 a year ago. Basic and diluted earnings per ordinary share were 2.63 sen against 2.04 sen a year ago. Net cash from operating activities was MYR 27,821,000 against MYR 56,049,000 a year ago. Purchase of property, plant and equipment was MYR 28,826,000 against MYR 54,543,000 a year ago. Purchase of intangible assets was MYR 3,388,000 against MYR 8,196,000 a year ago. For the quarter, property, plant and equipment written off was MYR 640,000 against MYR 505,000 a year ago.

7-Eleven Sells ProCharge Liquid Protein at Participating Stores Nationwide

7-Eleven will begin selling ProCharge Liquid Protein at participating 7-Eleven stores across the United States starting in early August 2016. In March 2016, Suncoast Health Brands ran a free bottle promotion where nearly 10,000 bottles of ProCharge Liquid Protein were given away for free in an effort to build product awareness. ProCharge Liquid Protein comes in eight flavors such as Grape, Blue Raspberry, Fruit Punch, Citrus, Lemon Lime, Cinnamon, Black Cherry and Natural. After witnessing the response, Suncoast Health Brands launched multiple digital marketing campaigns to promote the brand and increase traffic to their new website. As a result of these efforts, several major retailers have begun to carry ProCharge Liquid Protein in their stores across America. 7-Eleven will be carrying Lemon Lime, Black Cherry and Fruit Punch at select locations.

7-Eleven Malaysia Holdings Berhad Approves Amendment to its Articles of Association

7-Eleven Malaysia Holdings Berhad approved amendment to articles of association of the company at annual general meeting held on May 26, 2016.

Recent Private Companies Transactions

Type
Date
Target
Buyback
May 27, 2016
--
Merger/Acquisition
December 30, 2015
--
 

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