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Parkson Retail Asia's Q2 profit drops 24.6% to S$10.2m

Singapore

DEPARTMENT store operator Parkson Retail Asia reported a 24.6 per cent year-on-year slide in net profit to S$10.2 million for the second quarter ended Dec 31, 2014.

The bottom line was impacted by losses from new stores during their gestation period as well as closure

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