KUALA LUMPUR: Carlo Rino Group Bhd reported a net profit of RM2.3 million for the first quarter ended Sept 30, 2024 (1QFY25), ahead of its planned transfer to Bursa Malaysia's ACE Market.
The retail company achieved total revenue of RM19.38 million, with the boutique distribution channel serving as the key contributor.
Carlo Rino said this channel continues to drive revenue, highlighting its importance to the overall performance during the quarter.
Its pre-tax profit of RM3.20 million reflects a deduction of RM0.32 million in listing expenses incurred during the financial period under review.
Carlo Rino managing director Datuk Seri Chiang Fong Yee said while the outlook for the fashion industry in Southeast Asia remains positive, the company remains committed to approaching these opportunities with a measured and prudent strategy.
"Our management team remains focused on ensuring that the group's financial performance stays strong and sustainable for the long term.
"Looking ahead, we anticipate a positive performance throughout the year, aligned with our planned business expansion and upgrades, in conjunction with our transfer listing to the ACE Market," he said.