InNature net profit climbs in 4Q21
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Innature 4Q net profit rises, driven by Vietnam and Cambodia ops
The Edge 22/2/2021 Arjuna Chandran Shankar © Provided by The Edge
KUALA LUMPUR (Feb 22): Innature Bhd’s fourth quarter net profit rose 17.21% to RM7.72 million, from RM6.58 million in the third quarter, largely driven by its businesses in Vietnam and Cambodia, where the Covid-19 situation is better controlled.
In a bourse filing, the Body Shop products distributor said revenue for the quarter ended Dec 31, 2020 increased 7.58% to RM44.9 million, from RM41.74 million in the preceding quarter.
On a year-on-year basis, the quarterly net profit was down 2.44% compared with RM7.91 million posted in the previous fourth quarter, while revenue declined 16.06% from RM53.9 million.