Parkson posts 2Q loss, revenue up on year at RM1.04b
By Gho Chee Yuan / theedgemarkets.com   | February 24, 2016 : 7:24 PM MYT   

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KUALA LUMPUR (Feb 24): Parkson Holdings Bhd posted a net loss of RM31.44 million in the second quarter ended Dec 31, 2015 (2QFY16), as the retail group registered losses in its operations abroad.
 
In a statement to Bursa Malaysia today, Parkson said the net loss compared to a net profit of RM110.61 million a year earlier. Revenue rose to RM1.04 billion, from RM981.68 million.

During 2QFY16, Parkson said its retail operations in China, Vietnam, Myanmar and Indonesia reported losses. Malaysian operations however, posted profit during the quarter.

For 1HFY16, Parkson's group net profit fell to RM31.85 million, from RM130.82 million a year earlier. Revenue was up at RM1.97 billion, from RM1.83 billion.

Parkson said its Malaysian operations recorded a revenue of RM448 million, with lower operating profit at RM30 million, on "subdued consumer sentiment."

This followed implementation of the goods and services tax, as the ringgit and commodity prices weakened.

Looking ahead, Parkson expects its retail division to record "satisfactory performance", in view of higher consumer spending during the Chinese New Year.

Parkson said it planned to foster "close business partnerships with leading sector players" to grow its business.

At 5pm today, Parkson shares fell 1.5 sen or 2% to close at 92 sen, for a market capitalisation of RM989.1 million. The stock saw 1.71 million shares traded.

cut loss at 0.920. tiu kau hoi

百盛股价蠢蠢欲动，要跑了 ！

taiko, 10 lot = 10,000 share RM 9350, for me ok, 它站在 93 和 93.5 分，已有4天了，看来已触底，有人一直在这个价位一直收票，假如它再跌，我就敢敢进场。鱼仔虾仔输得起。

bought 10 lot Parkson 0.935 today，看好它第四季业绩表现 ！我们这些鱼仔虾仔玩得起，输得起。不是一些人自以为是给 TP 75仙，到了75仙，又给TP 50仙，没完没了…