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Vibrant Group’s FY15 Net Profit Falls 29.7%

Shares Investment

Vibrant Group’s revenue for FY15 grew 6.2 percent to $203.2 million, from $191.4 million in FY14. The growth was supported by higher revenue from the freight and logistics business and provision for financial services.

Gross profit margin remained relatively constant at 31.5 percent, resulting in a 8 percent growth in gross profit.

The group’s share of profits from associates and joint venture plunged to $1.7 million from $18.5 million in FY14 due to the absence of a revaluation gain of $16.3 million on investment property from Saujana Tiasa last year.

Consequently, net profit fell by 29.7 percent to $30 million from $42.7 million in FY2014.



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