<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 23): Asia Brands Bhd's net profit for the third quarter ended Dec 31, 2021 (3QFY22) rose 66% year-on-year to RM6.44 million from RM3.86 million on the back of better store productivity after the lifting of the movement control order.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday (Feb 22), the company said revenue for the quarter rose to RM55.82 million from RM42.19 million a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share stood at 2.77 sen versus 1.66 sen previously.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company did not declare any dividend.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative nine months ended Dec 31, 2021, Asia Brands said its net profit dipped 12.88% to RM11.7&nbsp;million from RM13.43 million on the back of a lower revenue of RM125.96 million versus RM126.11 million previously.</p></div>

<div class=newsTextDataWrapInner><p>On its prospects, Asia Brands said it will adhere to the standard operating procedures to ensure business continuity during the easing of restrictions under Phase 4 of the National Recovery Plan.</p></div>

<div class=newsTextDataWrapInner><p>“We remain cautiously optimistic that the recovery may likely continue, leading towards the end of the financial year,” it added.</p></div>


Asia Brands Bhd's net profit for the third quarter ended Dec 31, 2021 (3QFY22) rose 66% year-on-year to RM6.44 million from RM3.86 million on the back of better store productivity after the lifting of the movement control order.

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