KUALA LUMPUR: Zhulian Corp Bhd continues to be cautious about its prospects for 2022 due to the economic disruption caused by the Covid-19 pandemic, as well as foreign exchange movements of the ringgit against the United States dollar, as the group’s export sales are transacted in the greenback.

       In a filing with Bursa Malaysia, the group which manufactures jewellery and consumer products, and sells them through a direct marketing network, said it is committed to continuously improve its business operational efficiency and maintain sufficient cash flows in 2022.

       Zhulian noted that the pandemic has caused severe global social and economic disruptions and uncertainties, including markets where the group operates.

       For its fourth financial quarter ended Nov 30, 2021 (Q4), the group’s net profit dropped 7% year-on-year (y-o-y) to RM12.65mil while revenue was 23% lower to RM33.56mil.

       For the full financial year (FY21), net profit dropped 3% y-o-y to RM45.36mil while revenue was 12% lower to RM149.6mil.

       In FY21, the bulk of the group’s revenue was derived from Thailand (64%), followed by Malaysia (24.5%), Cambodia (7.6%) and Myanmar (3%). Earnings per share for FY21 was 9.86 sen versus 10.17 sen in FY20.

       The group declared a fourth interim dividend of three sen as well as a special dividend of five sen per share for FY21, with the ex-date on Feb 15 and payment on March 10.

       The group has declared total dividends of 17 sen for FY21, similar to FY20.