Retail Group Malaysia wrote in its latest retail industry report that for the first quarter, the industry achieved better-than-expected growth of 3.8% in retail sales compared to a year earlier.
The disposal consideration comprises a cash amount of RM100, together with advances of RM125 million by SHSB to DGQSB.
Mohd Shukri's contract was supposed to end on May 17, 2020.
“It won’t be easy for us to rely on just acquisitions, which means we have to do a bit of greenfield [projects] in the near future.
The government’s massive debt and liabilities of RM1.1 trillion as at end-2018, is about 75.4% of the country’s gross domestic product or GDP.
Michael had been re-designated to be the group's managing director, from previously being an executive director.
Earnings per share dipped into losses, with a loss per share of 1.11 sen posted in 1QFY19, from 0.30 sen profit per share seen last year.
This brought up earnings per share to 4.8 sen, from 3.91 sen in 1QFY18.
Likewise, earnings per share shot up to 11.46 sen, from 0.78 sen a year ago.
"After June 14, the determination of retail prices for peroleum products will return to original, where the price determination will be done weekly."
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