Zhulian adapting to changes in market demand to ensure survival

TheStar Thu, Oct 14, 2021 07:40am - 2 years View Original


Zhulian staff working on jewellery engravings. - File pic

KUALA LUMPUR: Zhulian Corp Bhd recorded a lower net profit of RM9.57mil in its third quarter ended Aug 31, 2021, compared with RM10.99mil in the previous corresponding period, as operations were affected by the Covid-19 pandemic.

In a filing with Bursa Malaysia yesterday, the costume jewellery company said revenue in the third quarter dropped to RM36.67mil compared with RM42.74mil a year earlier.

“The preceding year’s corresponding period partially spanned before the World Health Organisation declared the Covid-19 outbreak to be a pandemic on March 11, 2020, which has since caused severe global social and economic disruptions and uncertainties, including markets where the group operates.”

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