Parkson Retail Asia's Q1 profit bolstered by partial disposal of former subsidiary

Nisha Ramchandani

Published Fri, Nov 13, 2015 · 10:21 AM

DEPARTMENT store operator Parkson Retail Asia reported a surge in net profit to S$49.5 million for Q1FY16, up from S$6.86 million, lifted by a S$46 million gain on partial disposal of a stake in a former subsidiary, Parkson Hanoi Co.

Revenue for the first quarter ended Sept 30 fell 15.7 per cent year on year to S$92.69 million in line with lower gross sales proceeds.

Earnings per share came to 7.3 Singapore cents, up from 1.01 cents previously.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff

Purchase this article

Companies & Markets

Companies & Markets

Parkson Retail Asia's Q1 profit bolstered by partial disposal of former subsidiary

Nisha Ramchandani

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT