Mynews Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2023

Mynews Holdings Berhad is a Malaysia-based investment holding company. The Company, through its subsidiaries, is involved in the business of operating retail store chains, predominantly convenience store (CVS) chains. The Company's segments include retail convenience and manufacturing. Its retail convenience segment is engaged in operating retail convenience stores selling retail convenience goods and services. Through its two subsidiaries, Mynews Kineya Sdn Bhd and Mynews Ryoyupan Sdn Bhd, referred to as Food Processing Centre (FPC), the Company is in the business of producing ready-to-eat meals and bakery products to serve its retail chains. The Company's product categories include ready-to-eat, fresh food and MARU KAFE. The chain stores that the Company is operating are myNEWS CVS, Korean CU CVS, SUPERVALUE minimart and WHSmith travel retail. It operates approximately 615 outlets in total, made up of 463 myNEWS, 133 CU and 19 WHSmith outlets.