Update Of DXN

Posted recently in Aug 2010: A Look At DXN

That DXN fared rather well since the posting is an understatement. :P

Anyway, DXN announced its earnings last night.

Here's the updated numbers...

The MLM sector is driving in the profits...



From the company notes...

• The Group reported higher revenue of RM 82.5 million in the current quarter ended 31 August 2010 as compared to RM 67.8 million in the preceding quarter ended 31 May 2010. The increased in revenue was due to higher sales generated from the Group overseas multi-level marketing segment and realisation of a sale of a piece of land sold to Tesco Stores (Malaysia) Sdn Bhd in its Stargate development site. The Group’s PBT for the current quarter was RM 15.3 million as compared to RM 12.5 million in the preceding quarter. The PBT margin for current quarter stand at 18.6% which is slightly higher than 18.5% of preceding quarter.

That disposal of land to Tesco yielded a gain of 559k. :P

ps: no sotong here.