PETALING JAYA: The CU convenience stores in Malaysia, operated by MyNews Holdings Bhd, is expected to turn profitable in the ongoing financial year ending Oct 31, 2026 (FY26).
In a note to clients, CGS International (CGSI) Research said it believes CU broke even for the second consecutive month as its tax rate for the fourth quarter of FY25 (4Q25) came in lower than expected at 16%.
“Hence, we project reduced tax expenses in FY26 to FY27 and expect CU to turn profitable in FY26, with RM51mil of unrecognised tax losses as at end-FY24.”
Aside from CU stores, the group also operates other brands of convenience stores such as myNEWS, myNEWS Supervalue and the newly launched Maru Café.
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