Isetan back in black for H1, closing Parkway Parade store

Singapore

DEPARTMENT store operator Isetan Singapore returned to the black in the first half of 2021 from a year ago, thanks to a recovery in sales from its stores being able to remain operational throughout the six-month period, the company said on Friday.

Net profit for the six months ended June 30 stood at S$1.3 million, reversing from a net loss of S$317,000 posted in the same period a year ago. The results translate to earnings per share of 3.03 Singapore cents, against loss per share of 0.77 cent.