RSH Limited, the sports goods and fashion retailer, has posted a net profit attributable to equity holders of the company of $703,000 for the fourth quarter ended 31 March 2010 (4QFY2010) compared to a loss of $6.6 million in 4QFY2009.
 

Revenue for the quarter was $235.1 million, an increase of 21.1% compared to $194.3 million. The revenue growth was a result of the group’s strategy to grow the business through the opening of new stores and the continued focus on improving sales in the existing markets.

Profit before income tax for the quarter was $7.1 million compared to a loss of $3.6 million for the corresponding period last year, due largely to the revenue contributions from new stores that opened in the year under review and the full quarter operations of the stores that opened in the previous financial year.

South-east Asia, the group’s largest segment contributed 57.8% or $136 million. Incremental sales from new stores that opened in Singapore in the financial year as well as the full quarter operations of those stores that opened in the previous financial year contributed to the revenue growth.