KUALA LUMPUR: Delivering its first quarterly financial report ahead of its listing on the Main Market of Bursa Malaysia, MST Golf Group Bhd said it is optimistic about its expansion plans and prospects post-Covid-19.
In the first quarter of its financial year ended March 31, 2023, the golf equipment retailer recorded a net profit of RM8.79mil for an earnings per share of 1.33 sen, on the back of revenue of RM86.29mil.
Group executive director and CEO Ng Yap said in a statement the Covid-19 period had resulted in global golf boom that attracted a significant influx of new golfers, espectially from the younger generation and women's demographic.
Meanwhile, he said there are growth opportunities in Malaysia and Singapore in alignment with the group's expansion plans, with the availability of locations and favourable rental terms, including in major shopping malls, for its three-in-one store concept.
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