Parkson Retail Asia narrows loss in Q1
Add BT as a preferred sourceDEPARTMENT store operator Parkson Retail Asia posted a net loss of S$11.1 million for the first quarter ended Sept 30, narrowing slightly from a loss of S$12.9 million a year ago.
The group said that this reflected an improvement in operational results of its Malaysia and Indonesia operations, in addition to the effect of store closures as well as disposal of the group's investment in a loss-making subsidiary in FY2018.
Revenue ticked up 1.7 per cent to S$92.6 million, due to an improvement in same-store sales growth in Malaysia and Indonesia.
