Home / Knowledge / News / Fashion / Bonia Corp Berhard posts Q2 FY20 revenue of RM128 mn

Bonia Corp Berhard posts Q2 FY20 revenue of RM128 mn

05
Mar '20
Pic: Bonia Corporation Berhard
Pic: Bonia Corporation Berhard
Bonia Corporation Berhard, an international luxury fashion retailer, has announced slight decrease in revenue to RM128 million (RM: Malaysian ringgit) in second quarter (Q2) FY20 ended on December 31, 2019 compared to RM132 million in same period prior year. Revenue for YoY (Year-over-Year) decreased from RM231 million in FY19 to RM222 million in FY20.
 
The management services, investment holding and investment properties segment recorded a minor decrease in revenue reportedly due to lower rental income for the current quarter.
 
Revenue from Malaysia in Q2 FY20 fell 13.6 per cent to RM73 million from RM84 million in same period prior year. Singapore brought positive results with 26.5 per cent jump in revenue to RM48 million in the quarter. Revenue from Indonesia declined 29.8 per cent to RM5 million while Vietnam reported a rise to RM1 million.
 
Gross profit in Q2 FY20 was RM67 million compared to RM69 million in same period prior year. Gross profit YoY was RM121 million compared to RM124 million in same period prior year. 
 
Profit from operation stood at RM 14million in the quarter compared to RM20 million in Q2 FY19. YoY profit from operation reduced to RM22 million compared to RM23 million same period prior year. This reduction was reportedly due to slight decrease in gross profit margin as well as lower revenue achieved for the quarter.
 
Company reported that their profit before tax in Q2 FY20 was RM13 million (Q2 FY19: RM20 million) and YoY was RM20 million. 
 
Total income in the quarter declined to RM 10 million (Q2 FY19: 12 million) and YoY remained flat at 14 million. 
 
Bonia Corporation in its future prospect reported that the outbreak of novel coronavirus (COVID-19) is expected to severely impact the already soft retail market and further weaken and subdue market sentiments as well as consumer spending. Since the outbreak of COVID-19, the group has taken swift actions and measures to reorganise and mobilise its resources including rescheduling its productions, purchases and expenditures as well as manpower planning its work force. In addition, certain inventories have been channeled to certain overseas markets that are not affected by the COVID-19, in particularly, Indonesia.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Holding cost will affect apparel manufacturers

That brands may eventually not scrap orders is not necessarily good...

Pic: reddees / Shutterstock.com

Apparel/Garments | On 7th Apr 2020

Commendable decision by international garment buyers

At a time when the world is passing through an unprecedented crisis...

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Over 40 apparel factories in Bangladesh resume production

More than 40 readymade garment (RMG) factories in Bangladesh's Savar, ...

Interviews View All

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search