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99 Speed Mart is expected to announce its fourth quarter earnings this month.
The market consensus expects the mini market operator to post an annual net profit of RM527 million, or 6.27 sen per share, on a revenue of RM10.14 billion for the financial year ended Dec 31, 2024 (FY2024).
For the nine-month period ended Sept 30, 2024 (9MFY2024), 99 Speed Mart's net profit was up 24.6% to RM366 million, or 4.36 sen per share, from RM294 million, or 3.5 sen per share. Cumulative revenue grew 8.7% to RM7.39 billion from RM6.8 billion a year ago.