[DKSH HOLDINGS MALAYSIA BHD：收购了Auric Malaysia的贡献，2019年获得的新客户，以及市场营销和分销部门在行动控制令第一阶段的消费者需求增加]
该季度的营业业绩为2240万令吉，比2019年第一季度的-40万令吉增长了100％以上，比2019年第四季度的1250万令吉增长79.6％。营业利润相对于第一季度有所改善主要是由于Auric Malaysia的贡献以及2019年第一季度增长和效率改善项目产生的非经常性费用。与之前的2019年第四季度相比有所改善是由于即将来临的节日旺季带来了成本基础的改善和销售的增长，以及自有品牌的更好的利润组合，而自有品牌的利润在Hari Raya之前有所上升。
通过Fast Moving Consumer Goods (“FMCG”)业务的改进项目以及成功收购和整合Auric Malaysia，这集团在2019年末在营销和分销部门的转型方面取得了积极进展，并且持续稳定物流及其他领域的增长。在2020年开始时，该集团已经做好了继续保持这一增长轨迹的准备。
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a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.46, dividend RM0.04, in 2 years 2 days, total return is 389.5%
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[DKSH HOLDINGS MALAYSIA BHD: contribution from the acquisition of Auric Malaysia, new clients secured in 2019, and increased consumer demand during first stages of the Movement Control Order period in the Marketing and Distribution segment]
Revenues for the quarter grew by 10.3% from RM 1.56 billion to RM 1.72 billion compared with the corresponding first quarter of 2019, while improving by 7.1% from RM 1.61 billion in the preceding fourth quarter of 2019. The increase in comparison to the corresponding first quarter and preceding fourth quarter was predominantly because of the contribution from the acquisition of Auric Malaysia, new clients secured in 2019, and increased consumer demand during first stages of the Movement Control Order period in the Marketing and Distribution segment. The results also reflect stability of sales and ongoing organic growth of existing clients in both the Marketing and Distribution segment and Logistics segment.
The operating expenses increased less than the revenue growth reflecting the continued gains from operational efficiency in all segments. Profit before tax for the quarter improved by more than 100% compared to the same quarter of 2019 due to contribution of the Auric Malaysia business, the presence of costs relating to the growth and efficiency improvement project in the first quarter of 2019, and ongoing organic growth of existing clients in all segments except for lower profit in the Others segment.
Marketing and Distribution segment:
Revenues for the quarter grew by 14.1% compared to the corresponding first quarter of 2019, increasing from RM 736.2 million to RM 840.3 million, while improving by 6.9% against those of the preceding fourth quarter of 2019 which was RM 785.9 million. This segment’s improved revenue reflects the positive contribution from Auric Malaysia business, in addition to ongoing organic growth of existing clients and new clients secured in 2019, and an increase in consumer demand during early stages of the Movement Control Order period.
The operating result for the quarter was RM 22.4 million, which was more than a 100% increase on RM -0.4 million reported for the same first quarter in 2019 and by 79.6% above the preceding fourth quarter of 2019 of RM 12.5 million. The improvement in operating result against the corresponding first quarter was predominantly because of the contribution from the Auric Malaysia business and the non-recurring cost incurred for the growth and efficiency improvement project in the corresponding first quarter of 2019. The improvement compared to the preceding fourth quarter of 2019 was due to an improved cost base and improved sales due to the upcoming festive season and a better margin mix from own brands which have a seasonal uplift ahead of Hari Raya.
Revenues for the quarter grew by 7.3% compared to the corresponding first quarter of 2019, increasing from RM 810.6 million to RM 870.1 million, while improving by 8.3% against those of the preceding fourth quarter of 2019 which was RM 803.1 million. The growth in revenue was organic in both the Healthcare and Telecommunications areas of the segment.
The operating result for the quarter was RM 14.9 million, which is a 16.8% increase on the RM12.7 million reported for the corresponding first quarter of 2019, while reducing by 28.7% against those of preceding fourth quarter of 2019 which was RM 20.9 million. The improvement in operating result compared to the corresponding first quarter of 2019 reflects strong revenue growth supported by improved margin mix.
The operating result for the quarter of -RM 9.4 million was lower than -RM 4.1 million reported for the same first quarter in 2019.
The Group ended 2019 having positively progressed with the transformation of the Marketing and Distribution segment, both through the improvement project on the Fast Moving Consumer Goods (“FMCG”) business and through the successful acquisition and integration of Auric Malaysia, and there was continued steady and stable growth in the Logistics and Others segments. As 2020 began the Group was very well positioned to continue this growth trajectory.
The Group had prepared detailed Business Continuity Plans and enacted these seamlessly to enable ongoing service of all essential healthcare and FMCG products to the market. They prioritized employee and stakeholder health and welfare while ensuring ongoing operations at the maximum allowed levels during various phases of the crisis response. The board will continue to review the prevailing market and cash position throughout the year and will consider an interim dividend when it is prudent to do so. Despite current uncertainties, the Group is confident about the growth opportunities in the medium to long term.
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